Bitcoin: 5 Korean Exchanges sign MoUs to tackle Crypto Crimes
The past few months have been characterized by prolonged downtrends in the crypto market. Amid the bearish environment, October has emerged as the month with the highest crypto scams and hacks, despite being in the 2nd week. The total value of hacks so far this month has surpassed that of March, and around $718 million has been stolen from DeFi protocols across 11 different hacks. Read More: ‘Uptober’ is More like Hacktober: Highest Crypto Hacks in 2022 South Korea keen to fight against crypto-laundering Now, in such an environment, taking action to prevent crypto -related laundering crimes or hack s is the need of the hour. In fact, regulators of different nations have been putting in efforts to protect the larger investor base. Now, according to reports, the five biggest crypto exchanges in South Korea have signed a “crypto crime-fighting” MOU deal with the nation’s police force. Reportedly, they will work with officers to fight against crypto-linked money launderers and ...