Search results for investigative authorities
Finance
FSC warns 200-times leverage products linked to Korean stocks are ultra high risk
South Korea\'s Financial Services Commission warned that offshore platforms are offering ultra high-risk perpetual futures linked to Korean stocks, making investor protection difficult. It said some products offered by overseas digital asset exchanges allow leverage of several dozen times or more on shares such as Samsung Electronics and SK Hynix. The FSC cited structural differences from conventional futures, round-the-clock trading and the lack of established oversight in many countries. It also flagged risks from high leverage and limited legal remedies for domestic investors.
Finance
NH faces audit criticism over unreported embezzlement cases; Chairman Kang Ho-dong denies graft allegations
NH Nonghyup and local agricultural cooperatives came under scrutiny at a parliamentary audit over weak internal controls and budget practices. Lawmakers said NH failed to report six cases with clear criminal suspicions among 21 employee incidents in 2022 and cited a local co-op case in which an employee allegedly embezzled 130 million won but received early retirement pay. Other lawmakers questioned large unallocated budgets and alleged diversions to publicity spending. Chairman Kang Ho-dong denied involvement in a high-priced souvenir purchase case involving secretariat staff.
Crypto
Dunamu warns against lending or selling Upbit accounts and API keys
Dunamu warned investors about requests circulating on social media to lend or buy Upbit accounts and API keys that can access the won market. It said market data can be checked via public APIs without authentication, making such requests unnecessary. Dunamu said leaked login details or API keys could be misused for fraud or asset theft. It urged users to delete exposed keys, strengthen security features and warned of account suspensions and possible reporting to authorities if violations are found.
-
Finance
Toss Bank to run customer service centre 24/7 during Chuseok holiday
-
Telecommunications & Media
Lee Hoon-ki says LG Uplus should waive penalties if hacking evidence destruction confirmed
-
Crypto
Tether froze $42 million before court order; David Schwartz defends move
-
Telecommunications & Media
Voice phishing measures cut cases and losses by about 40 percent
-
Finance
Korean banks report 49 billion won in loan-fraud financial incidents; Shinhan, Woori, IBK revise amounts up
-
Games & Commerce
Naver Webtoon shuts 3 illegal webtoon sites in international operation, operators arrested
-
Crypto
UK ranks third in bitcoin adoption, but 60,000 seized BTC cannot be held as reserves
-
Crypto
Wemix dollar authority takeover caused by proxy contract initialize flaw
-
Telecommunications & Media
PIPC fines KT 54 billion won, files complaint over obstruction
-
Crypto
Kazakhstan opens crypto market, issues first exchange licence
-
Finance
Woori Bank reports 4 billion won financial incident linked to pre-sale scam
-
Crypto
Top 10 tactics targeting crypto investors, from deepfakes to romance scams
-
Finance
Toss Insurance introduces system to handle black consumers, protect agents
-
Finance
Korea to scrap cap on rewards for reporting stock manipulation and accounting fraud
-
Crypto
Binance says 2025 illicit crypto recovery rate 11 percent, 55 times higher than traditional assets