Exchanges

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

<div class=”featured_image_container”> </div> <strong>South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. </strong> Seoul Strengthens Monitoring of Crypto Phishing Scams …

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Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales

<div class=”featured_image_container”> </div> <strong>The infamous meme-based cryptocurrency dogecoin is on the move again just before the upcoming Saturday Night Live episode featuring Elon Musk. While dogecoin is up 81% today a lot of cryptocurrency veterans have been warning newbies about the digital currency that was meant to be a joke. Meanwhile, others believe that dogecoin …

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South Korean Police Officers Banned From Buying Cryptocurrency

<div class=”featured_image_container”> </div> <strong>A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. </strong> South Korea to Penalize National Police Agency Officers Who Fail to Disclose …

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Latam Based Exchange Bitso Gets Unicorn Status After $250 Million Funding Round

<div class=”featured_image_container”> </div> <strong>Bitso, one of the biggest cryptocurrency exchanges in Latam, has reached unicorn status after a funding round that managed to raise $250 million with the participation of some big names in the cryptocurrency world. The company announced it would use these resources to expand its operations and keep growing in its core …

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South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud

<div class=”featured_image_container”> </div> <strong>Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors.</strong> Masterminds Could Have Defrauded Over 40,000 People According …

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Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

<div class=”featured_image_container”> </div> <strong>Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds.</strong> Search Widens for CEO …

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All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

<div class=”featured_image_container”> </div> <strong>The chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down. South Korea currently has about 200 cryptocurrency exchanges, he said.</strong> All Crypto Exchanges Could Be Shut Down in South Korea At the …

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2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

<div class=”featured_image_container”> </div> <strong>Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the …

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Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

<div class=”featured_image_container”> </div> <strong>A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case.</strong> …

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