Korea

Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Hackers Drain $6 Million From DeFi Protocol On Monday morning, cyber security platform Cyvers Alerts informed the community about the ongoing attack on DeFi borrowing protocol Delta Primes. The initial report revealed…

Seoul, South Korea, September 11th, 2024, Chainwire The Crypto Night in Seoul Forest, hosted by TokenPost, and organized by LBank Labs, took place on September 5, 2024 at UNDERSTAND AVENUE in Seoul Forest. The event attracted approximately 1,400 participants eager to explore blockchain and Web3 innovations. As an official side event of Korea Blockchain Week (KBW) 2024, it built on the momentum of the main conference and further fueled excitement around blockchain technology. Attendees enjoyed performances by top DJs Dorothy,…

The post Ripple News: Major Partnerships in Japan and South Korea Strengthen XRPL appeared first on Coinpedia Fintech News Ripple is making headlines this week with several key announcements to strengthen blockchain infrastructure and support institutional adoption. These developments highlight Ripple’s commitment to blockchain technology. Here’s a quick roundup of their latest announcements! New Partnership with Futureverse Ripple has partnered with Futureverse, an AI and metaverse tech company, to provide secure asset custody through Ripple Custody. Futureverse is leveraging the…

The post XRP Volume On South Korea Dominates Worldwide After SEC vs Ripple Lawsuit Ends! appeared first on Coinpedia Fintech News After the SEC lawsuit against Ripple concluded, XRP trading volume on Upbit saw a remarkable surge. During the price surge, trading volume on Upbit spiked sharply, reaching approximately 125 million KRW within a few hours. Overall, Upbit’s trading volume on XRP over the past 24 hours has increased to $725 million, amounting to 14% of the global XRP volume.…

The Appellate Court of Montenegro has decided to extradite Terraform Labs founder Do Kwon to South Korea, rejecting a competing request from the United States. However, an extradition date has not been set.   Court Rulings and Legal Proceedings The Do Kwon tug-of-war continues between the U.S. and South Korea. The latest development in this battle of extradition has seen the scales tip towards the latter, as a Montenegran court has decided to extradite the Terraform Labs founder to his native…

Indian-based cryptocurrency exchange WazirX recently fell victim to a significant security breach, resulting in the unauthorized transfer of over $230 million of assets. The incident led to the temporary suspension of withdrawals as the exchange worked to investigate and mitigate the breach.  In a subsequent report released by WazirX, preliminary findings shed light on the causes of the exploit. At the same time, blockchain analytics firm Elliptic suggested the potential involvement of North Korea in this sophisticated attack. WazirX Multisig…

Ripple’s XRPL Japan and Korea Fund is now open for applications, supporting blockchain innovation and community growth. Partnerships with top-tier businesses in Korea and Japan will drive XRPL integration across industries. Ripple has announced that the XRPL Japan and Korea Fund is now open for applications from corporations, developers, and XRPL community members. This project, which Ripple first made public on June 11, 2024, aims to support a wide range of endeavors, from business partnerships and startup investments to developer…

Ripple’s VP Emi Yoshikawa highlights significant XRPL adoption in South Korea, driven by business interest in digital assets. Infinite Block, Korea’s licensed digital asset custody provider, expands XRPL services, enhancing regulatory compliance and enterprise use. As predicted in the CNF report, XRP Price Can Profit Ripple from Launches APAC Fund Amid SEC Legal Challenges, the aims have been achieved to advance innovation within the XRPL ledger in Japan by forging corporate partnerships, offering developer grants, making startup investments, and fostering…

According to a recent analysis by the Korea Institute of Finance (KIF), the introduction of spot Bitcoin (BTC) exchange-traded funds (ETFs) in South Korea could lead to significant economic disruptions. The report highlights potential unique challenges that the South Korean market might face despite the global trend of approving crypto-linked ETF products. Potential Pitfalls of Bitcoin ETFs in South Korea The recent approval and introduction of spot Bitcoin ETFs in various global markets have sparked significant discussions in the South…