Korean Crypto Exchange Seized After Banking $85 Million in

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BlackCoin is a digital currency similar to Bitcoin. It is a pure Proof of Stake coin, except stage of initial distribution, when it was mixed PoW and PoS coin. For more info, go to http://blackcoin.org/
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Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked submitted by UKTerry1979 to Bitcoin [link] [comments]

Major Korean crypto exchange takes $84m from weak hands

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Korean Crypto Exchange Bithumb Lists Tezos (XTZ) With Staking Service to Follow

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Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked submitted by nice2yz to CryptoCurrency [link] [comments]

Third-largest Korean crypto exchange seized by police - Currency.com News

submitted by mle5653 to Currencycom [link] [comments]

Korean Crypto Exchange Seized After Banking $85 Million in 'Illegal Profits'

Korean Crypto Exchange Seized After Banking $85 Million in 'Illegal Profits' submitted by EthTraderCommunity to ethtrader [link] [comments]

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked submitted by sexyama to crypto_currency [link] [comments]

South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison

South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison submitted by bitcointothemoon_ to CryptoMarkets [link] [comments]

South Korean Crypto Exchange Coinbit Seized Over Allegations of Massive Wash Trading

Coinbit, South Korea’s third-largest cryptocurrency exchange, has reportedly been seized by police over allegations it faked most of its trading volume.
submitted by ami_nil1987 to airdropfactory [link] [comments]

South Korean Crypto Exchange Coinbit Seized Over Allegations of Massive Wash Trading

Coinbit, South Korea’s third-largest cryptocurrency exchange, has reportedly been seized by police over allegations it faked most of its trading volume.
submitted by ami_nil1987 to DigitalCryptoWorld [link] [comments]

South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison

South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison submitted by bitcointothemoon_ to Crypto_Currency_News [link] [comments]

South Korean Crypto Exchange Coinbit Seized Over Allegations of Massive Wash Trading

South Korean Crypto Exchange Coinbit Seized Over Allegations of Massive Wash Trading


Image: Ciaran O'Brien - Unsplash
Coinbit, South Korea’s third-largest cryptocurrency exchange, has reportedly been seized by police over allegations it faked most of its trading volume.
According to a report from Seoul Newspaper on Tuesday, local police raided and confiscated the company's Gangnam headquarters and other premises.
Accused of fraud, the firm's owner, Choi Mo, and other managers are said to have artificially inflated volumes on the exchange by using "ghost" accounts to make fake trades, a practice known as wash trading.
In its report, Seoul Newspaper said it had been informed by insiders of corruption at Coinbit months ago and that up to 99% of trading volume was "manipulated" on the platform.
Police allege wash trading at Coinbit had produced over 100 billion won ($84 million) in faked income.
The newspaper said it had put off reporting its findings until the raids at the request of the Investigation Department of the Seoul Metropolitan Government.
An accounting firm had reportedly refused to work with the firm after viewing its books.
Seoul Newspaper said it had seen the books and that 99% of recorded trades could not be associated with deposits or withdrawals.
Originally published by Daniel Palmer | August 26, 2020 coindesk
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FBI on alert for North Korean hackers with ties to crypto exchange hacks

FBI on alert for North Korean hackers with ties to crypto exchange hacks submitted by akshayks1995 to Crypto_Currency_News [link] [comments]

FBI on alert for North Korean hackers with ties to crypto exchange hacks

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U.S. agency issues warning about North Korean hacker group ‘BeagleBoyz,’ cites crypto exchange attacks

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Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

submitted by raaner12 to Altcoinss [link] [comments]

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked (x-post from /r/cryptocurrency)

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

U.S. DOJ Files Lawsuit to Seize Crypto Tied to North Korean Exchange Hacks

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Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked

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Major Korean crypto exchange seized after 99% trading volume allegedly faked

submitted by RambleFeed to Coinbit [link] [comments]

Police seize South Korean crypto exchange Coinbit for allegedly inflating trading volumes

Police seize South Korean crypto exchange Coinbit for allegedly inflating trading volumes submitted by TunesMedia to maxbit [link] [comments]

FBI on alert for North Korean hackers with ties to crypto exchange hacks

U.S. officials like the FBI, US Treasury, US Cyber Command, and the Cybersecurity and Infrastructure Security Agency issued a warning against North Korean hacker group ‘BeagleBoyz,’ which have resumed its attacks on banks and ATMs around the world. The officials also revealed that the hacker group was behind lucrative cryptocurrency thefts. The alert said that […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Korean Exchange UpBit Hacked for $50 Million - YouTube Industry ‘Under Threat’ as South Korean Police Raid Crypto ... Major Korean Crypto Exchange Seized After 99% Trading ... South Korean Court Sends Bogus Crypto Exchange Chiefs to ... #KCN: Binance is entering the South Korean market

The Seoul Metropolitan Police Agency has reportedly seized local crypto exchange Coinbit for allegedly inflating trading volumes.The post Police seize South Korean crypto exchange Coinbit for Huobi Korea is the subsidiary of the China crypto exchange Huobi. When they launched they listed 100 coins and 208 markets. They hold over 98% of their customer’s assets in cold wallets. In 2020 they will continue to add coins while look to add Korean won to their exchange for trading. Huobi itself is the 3rd largest crypto exchange globally. Coinlink is a Korean cryptocurrency exchange company that is listed on Kosdaq. Therefore, Coinlink is Korea’s first bitcoin exchange run by a Kosdaq-listed company called Accupix. Accupix’s main business is selling coal but they also construct railway communication systems. Coinlink will be operated by Fourth Link. Police seize Korean crypto exchange Coinbit allegedly faked its transaction volume using a method known as wash trading. by ATF Contributor. South Korea’s third-largest cryptocurrency exchange has been seized by police following fraud allegations, The post Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades appeared first on Bitcoin News. Bitcoin.com. Bitcoin.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.

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Korean Exchange UpBit Hacked for $50 Million - YouTube

Binance Cryptocurrency Exchange enters the South Korean market. According to a statement on its blog, Binance KR is a crypto-to-crypto exchange for Korean users that leverages the core ... 10: Umbrel ☂ bitcoin & Lightning Node Raspberry Pi 4 Setup Install #2 🚀 https://www.reddit.com/r/Bitcoin/comments/ihj7n4/umbrel_bitcoin_lightning_node_... (According to an Aug. 26 report by the Seoul Shinmun, 99% of transaction volume on the #exchange was faked through wash #trading, This is how they maintain t... Two of South Korea's largest crypto exchanges by volume, Bithumb and UpBit, have begun suspending, flagging and even delisting many cryptocurrencies, complete with investment warnings now alerting ... #bitcoin #crypto #cryptocurrencies Check out today's sponsor, Exodus: https://get.exodus.io/DataDash If you haven't already, visit the link down below to sta...

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