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South Korea’s relentless pursuit of justice has led to a significant breakthrough in the infamous Terraform collapse. Do Kwon’s former CFO, whose involvement in the scandal has long been suspected, has finally been extradited to face the music. This development marks a crucial step towards holding accountable individuals responsible for the downfall of one of the country’s largest cryptocurrency projects. The South Korean authorities remain unwavering in their commitment to restore trust and integrity in the financial landscape.
South Korea is cracking down on cryptocurrency trading after two multi-billion dollar embezzlement and fraud scandals rocked the digital market. The government is now targeting the over-the-counter (OTC) market and has taken steps to end anonymous trading.
As the 4th industrial revolution transpires, GenZ has led a crypto revolution — South Korean youth are increasingly investing in XRP over Bitcoin and Ethereum, marking a radical shift in digital currency dynamics.
Legal proceedings have reportedly begun in South Korea against the co-founder of Terraform Labs in an undisclosed case. This follows months of investigation into the matter, the result of which remains to be seen.