Last month, the South Korean exchange Bithumb lost about $13 million worth of cryptocurrency to hackers. Now, South Korea’s National Police Agency has seized an external server believed to be associated with the attack.
The company had reportedly lost $26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claims that the move was “due to a rise in debt following an employee’s embezzlement.”
As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China
The Korea Advanced Institute of Science and Technology (KAIST), is working with Theta Labs to introduce students to an entirely new set of coursework regarding the applications of blockchain technology.
Aiming to create an SEC and FINRA-compliant U.S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture.
South Korea is planning to invest nearly $900 million next year to accelerate the development of blockchain, artificial intelligence and other emerging technologies.
