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South Korea Authorities Investigate Crypto Hacking and Illicit Trading on Exchanges

April 9, 2024


Authorities in South Korea are ramping up their efforts to curb cryptocurrency hacking and the illicit trading that follows on exchanges. With a noticeable increase in crypto-related crimes, regulators are actively taking measures to combat and penalize those engaged in such illegal activities.

The hacking of cryptocurrencies has become a significant concern within the crypto community. Hackers exploit vulnerabilities in exchange platforms, gaining unauthorized access to users’ digital assets. Once obtained, these stolen cryptocurrencies are then laundered through various means, including illicit trading on exchanges.

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