The Prosecutor of South Korea conducted searches in the offices of seven crypto-exchanges

Employees of the South Korean prosecutor’s office staged a raid, during which they raided legal entities, one way or another related to the investigation into the collapse of the Terra project. The offices of seven local stock exchanges were searched. Law enforcement is investigating whether the collapse of the Terra ecosystem was a deliberate move by Terraform Labs founder and CEO Do Kwon. Prosecutors visited the offices of the trading exchanges Bithumb, Upbit, Coinone and…

South Korean sports committee official laundered budget money through bitcoins

A senior South Korean sports committee accountant who manages state funds for mass sports has confessed to stealing taxpayer money in exchange for cryptocurrency. An employee of the sports council of the South Korean city of Mokpo, who is responsible for the operating expenses of local amateur and semi-professional sports teams, stole more than $ 367,000. The official and her husband spent the money on investments in cryptocurrency. A few months ago, the sports committee…