Tag: korean
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Chainalysis and Korean National Police Agency Forge Strategic Partnership to Combat Evolving Virtual Asset Crime and State-Sponsored Cyber Threats
In a landmark move aimed at fortifying the integrity of the global digital economy, Chainalysis, the leading blockchain data platform, officially entered into a Memorandum of Understanding (MoU) with the Korean National Police Agency (KNPA) in April 2026. This strategic agreement marks a significant escalation in the collaborative efforts between private sector intelligence and public…
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South Korean Government Signals Major Policy Shift Toward Lifting Initial Coin Offering Ban
The South Korean government is reportedly preparing to reverse its blanket prohibition on Initial Coin Offerings (ICOs), signaling a significant pivot in the nation’s regulatory stance toward the digital asset industry. According to reports from The Korea Times, financial authorities have entered high-level discussions with the country’s tax agency, the Ministry of Justice, and other…
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Chainalysis and Korean National Police Agency Forge Strategic Alliance to Combat Global Virtual Asset Crime and State-Sponsored Cyber Threats
In a landmark move to fortify the security of the global digital economy, Chainalysis, the world’s leading blockchain data platform, officially entered into a Memorandum of Understanding (MoU) with the Korean National Police Agency (KNPA) in April 2026. This strategic partnership marks a significant escalation in the fight against virtual asset-enabled crime, establishing a formalized…
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South Korean Cryptocurrency Tax Faces Uncertain Future as Citizens and Political Opposition Unite Against Proposed Levy
A formal petition submitted by South Korean citizens demanding the complete abolition of the government’s planned cryptocurrency gains tax has officially surpassed 52,000 signatures, triggering a mandatory review by the nation’s National Assembly. Reaching the 50,000-signature threshold on May 21, 2026, just eight days after its inception, the petition has moved from a grassroots grievance…
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Drift Protocol Exploit Bears Hallmarks of North Korean Cyber Operation, Elliptic Reports
The recent breach of Drift Protocol, a prominent decentralized finance (DeFi) platform operating on the Solana blockchain, exhibits multiple indicators consistent with operations orchestrated by North Korea, according to a comprehensive analysis by blockchain intelligence firm Elliptic. This attribution adds a significant new dimension to an incident already recognized as one of the most substantial…
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North Korean State Actors Linked to 286 Million Dollar Drift Protocol Exploit as Solana Ecosystem Faces Heightened Security Risks
The Solana blockchain, long hailed for its high throughput and growing decentralized finance (DeFi) ecosystem, has been rocked by one of its most significant security breaches to date, with investigators pointing the finger at state-sponsored actors from the Democratic People’s Republic of Korea (DPRK). On April 1, 2026, Drift Protocol, the largest decentralized perpetual futures…
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Drift Protocol Exploit Linked to North Korean Cyber Operations by Blockchain Analytics Firm Elliptic
Blockchain analytics firm Elliptic has identified significant indicators suggesting that the recent multi-million dollar exploit of Drift Protocol may be linked to North Korean state-sponsored cyber operations. This attribution adds a new dimension to the investigation of one of the most substantial cryptocurrency hacks of the year, further highlighting the persistent threat posed by DPRK-aligned…
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