Coinatory

RedotPay Launches Crypto Payment Cards in South Korea Hong Kong-based fintech company RedotPay has officially introduced its cryptocurrency-enabled payment cards in South Korea, aiming to disrupt the country's entrenched payment infrastructure with real-time stablecoin transactions. The crypto debit cards, available in both physical and virtual formats, are now accepted across all Korean merchants supporting the Visa network. This move aligns with RedotPay’s broader global expansion strategy and... cryptocurrency news today

South Korean Officials Reveal $9.8M in Cryptocurrency Holdings According to data released by South Korea's Ethics Commission for Government Officials on March 27, 2025, over 20% of public officials polled said they owned cryptocurrencies, with the total estimated worth at 14.4 billion won ($9.8 million). This number comprises 411 of the 2,047 officials who, in accordance with national legislation, must reveal their financial holdings. High-ranking public officials in South Korea own an average of 35.1 mi... cryptocurrency news Coinatory

South Korea Raids Bithumb Amid Former CEO’s Alleged $2M Embezzlement As part of an investigation into claims that its former CEO, Kim Dae-sik, embezzled company cash to pay for a personal apartment purchase, South Korean officials raided cryptocurrency exchange Bithumb. Bithumb is being investigated by prosecutors for alleged financial misconduct. Bithumb's premises were searched by Seoul's Southern District Prosecutors' Office on March 20 in response to claims that the exchange had given Kim Dae-sik a 3 bi... Coinatory cryptonews

South Korea to Lift Corporate Crypto Trading Ban in 2025 South Korea will gradually lift its ban on corporate cryptocurrency trading. In a major legislative change for the nation's digital asset market, the Financial Services Commission (FSC) of South Korea has announced plans to gradually eliminate the ban on corporate cryptocurrency trading. The FSC issued a statement on February 13 detailing a staged strategy to permit institutions to trade virtual assets. The action comes after previous rumors ... South Korea to Lift Corporate Crypto Trading Ban in 2025

North Korean IT Workers Linked to $1.3M Crypto Theft: ZachXBT Exposes Scheme Recent findings by cybersecurity expert ZachXBT have uncovered a sophisticated theft and laundering scheme involving North Korean IT workers posing as crypto developers. The operation, which led to the theft of $1.3 million from a project's treasury, has exposed a network of over 25 compromised crypto projects active since June 2024. ZachXBT’s investigation points to a single entity, likely operating out of North Korea, that has been receivin... cryptonews today

South Korean Tech CEO Arrested in $366 Million Cryptocurrency Scam Byun Young-oh, the CEO of South Korean technology firm Wacon, has been arrested for allegedly orchestrating a $366 million cryptocurrency scam that defrauded over 500 investors. The scheme, executed through a platform named MainEthernet, reportedly involved a Ponzi-style operation, primarily targeting elderly citizens. Wacon, a company with approximately 12,000 members, is suspected of operating as a Ponzi scheme or multi-level marketing (MLM... Coinatory