Big losses of $2.4 billion reported by Korean government as a result of fraudulent activity

Korean government have reported large losses associated to fraudulent crypto activity.
It was noted some 2.7 trillion Korea Won was totalled as a result of the criminals and fraudsters work.

Ken Chigbo Independent Analyst

There had recently been a large reported monetary loss in Korea, relating to fraudulent activities with cryptocurrencies, as detailed from local Korean press Yonhap news.

The report notes that some 2.7 trillion Won, around $2,4 billion in total value associated to crimes with cryptocurrencies, in the last two years.

It is said that some 132 criminals and fraudsters have been accused and detained for cryptocurrency-related felonies, while another 288 were accused of the same without any physical detention.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.

DeFi platforms Ethena and Polygon eye recovery after sustained downturn

Ethena (ENA) is trading around $0.116 on Friday, posting a 6% rise earlier before tapering some of those gains over the past 24 hours. The move comes as ENA investors are down by an average of about 70%.

Aave Labs proposes framework to push all revenue to DAO

Aave Labs (AAVE) has introduced a new proposal, the Aave Will Win Framework, designed to better align incentives across its ecosystem. The proposal suggests channeling all revenue generated from Aave-branded products directly into the treasury managed by the Aave DAO.

Pi Network Price Forecast: PI bulls resurface at a crucial support level

Pi Network (PI) is up almost 1% at press time on Friday, extending the 2% gains from the previous day. Renewed buying pressure, evidenced by increased withdrawals from exchanges supporting the PI token, and reduced outflows from the Pi Foundation, adds tailwinds.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.