Co-CEO of VT and co-CEO of Cube Entertainment, Kang Seung-gon was suspected to be involved in a crypto scam. He was alleged of using Cube Entertainment for inflating a cryptocurrency called “Nestree”. While Kang denied all the accusations, victims are considering taking legal action against him. As per the local
According to several local news reports, a court in Seoul, South Korea, declared virtual asset deposit platform Delio bankrupt on November 22. Delio stopped allowing withdrawals last year because they owed their clients 245 billion won ($1.75 billion). The process of liquidation will be initiated by Delio. The first creditors’
A major legal victory has been achieved by the spouse of Do Kwon, founder of Terraform Labs, against the government of South Korea. She was permitted to keep her substantial real estate assets. That had been frozen as part of the inquiry into the Terra-Luna collapse after a Seoul court
Asia’s most influential blockchain conference, Korea Blockchain Week 2024, is excited to reveal a lineup of high-profile sponsors and featured speakers. Mysten Labs’ cutting-edge Layer-1 blockchain, Sui, has been selected the Official Conference Partner. Orbs, Flare Network, and Ripple are the Gold sponsors, while Aptos Foundation and Tron are the
The seventh edition of Korea Blockchain Week 2024 (KBW2024), which is co-hosted by HASHED and founded and hosted by FACTBLOCK, will take place in Seoul, Korea from September 1–7, 2024. As part of this week-long festival, the primary two-day conference, “KBW2024: IMPACT,” will take place on September 3–4, 2024, at the
Terraform Labs founder, Do Kwon, firmly denied allegations of forging travel documentation and distanced himself from any financial connections with Europe Now party leader, Milojko Spajić, during a Montenegro court hearing. Kwon attributed the alleged passport forgery to a Chinese-named agency. According to a report by South Korean news outlet
Ripple (XRP), a prominent altcoin with the 6th position in the global crypto ranking, gained its price back in the month of March. But April’s movement seems to not follow that path. The hope of reaching the $1 mark came crumbling down as the month started. A few extractions made
ROK Capital and Solana announced a $20 million fund. This partnership focuses on Solana’s expansion in the Korean market. FactBlock and DeSpread are also the partners of the eco fund. ROK Capital, Korea’s leading blockchain accelerator joins with Solana Foundation and launches a $20 million for Solana Eco Fund. This
