DeFi Phishing Attack : How a Fake Zoom App Stole $1M

The post DeFi Phishing Attack : How a Fake Zoom App Stole $1M appeared first on Coinpedia Fintech News An old miner of DeFi recently became a victim of a phishing attack, where malware in the form of a fake Zoom app sucked $ 1 million out of the DeFi user’s wallet. 屋漏偏逢连夜雨 早上起来发现推特被盗了,找回推特后,发现钱包被盗了,损失 1 M Usd0++ ,钱应该是找不回了 事件逻辑是昨晚黑客伪装了一个推特,一眼看过去没问题,通过我的推特互动信息,伪装我是 XX… — Lsp (@lsp8940) December 24, 2024 The Attack Unfolds The victim described how he had received a direct message from the attacker starting what appeared to be a normal conversation through the Twitter page. The attack started with a threat actor impersonating the CEO of a real crypto project and introducing themselves by mentioning people the receiver knew. The attacker suggested the next step should be scheduling a meeting to talk about project development via ZOOM; the link to the Zoom meeting was also shared. Believing the request, the victim tried to reinstall the Zoom app as the fake webpage demanded it. As a result, having downloaded and opened the link, they unleashed malware that was to capture wallet credentials and private keys. The victim only came to find out about the loss when their Twitter account had been hacked and their crypto wallet emptied. Even though the victim is a rather experienced DeFi user and miner, he confessed that the loss occurred due to a single moment of inattention .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Phishing Scams 2024: How Hackers Stole $500K in a Month , Rising Threat of Malware in Crypto The attack is not an isolated event but one of the many malware attacks focused on users of cryptocurrencies. Hackers like those who registered us04-zoom[.]us domain-level tricks to ensure that unsuspecting individuals install malware on their devices. Such phishing campaigns usually take advantage of familiar tactics like popular platforms Zoom to reduce guard. Security Measures That Crypto Users Should Undertake To mitigate the risk of such attacks, experts recommend the following precautions: Verify sources: It is always important to verify the authenticity of links and downloading sources in a particular common application such as Zoom or Twitter. Run security scans: Some malware sneaks into the computer through downloaded files, so make sure downloads are scanned before installation using a reliable antivirus. Enable 2FA: Increase account security by also implementing two-factor authentication for all accounts. Stay sceptical: Do not interact with spam texts or chats even from your ‘friends,’ or ‘followers.’ Let this serve as a stark reminder: the world of DeFi is no different, and being just once careless can lead to terrible outcomes. Stay alert, stay secure! .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var subcribemodal = document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: 'c2645b5075', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { var templateId = '6'; getAllSubscriberCategoryList([templateId]); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var resultonload = JSON.parse(response.message); var storeallcategory = resultonload.message; if (Array.isArray(storeallcategory)) { // Collect all `news_cp_category_row_id` values and remove duplicates var allCategoryIds = storeallcategory.map(function(item) { return String(item.news_cp_category_row_id); // Convert IDs to strings }); var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs // Convert templateId to a string for comparison var templateIdStr = String(templateId); // Check if the templateId is NOT found in the unique category IDs if (!uniqueCategoryIds.includes(templateIdStr)) { var idNotMatchTounsubscribe = document.getElementById('unsubscribe_' + templateIdStr); var idNotMatchTosubscribe = document.getElementById('subscribe_' + templateIdStr); // Check if elements exist before applying display changes if (idNotMatchTounsubscribe) { idNotMatchTounsubscribe.style.display = "none"; } if (idNotMatchTosubscribe) { idNotMatchTosubscribe.style.display = "none"; } } } else { console.log("storeallcategory is not an array."); } }, error: function(xhr, status, error) { console.error("AJAX request failed:", status, error); } }); const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } });

Read more

Benjamin Cowen Analyzes Cardano’s Price Risks

Benjamin Cowen warns of potential price drops for Cardano (ADA). The Federal Reserve's policies significantly impact the cryptocurrency market. Continue Reading: Benjamin Cowen Analyzes Cardano’s Price Risks The post Benjamin Cowen Analyzes Cardano’s Price Risks appeared first on COINTURK NEWS .

Read more

As Bitcoin (BTC) Approaches $100K Again, Analyst Gives Date for New Peak!

While the leading cryptocurrency Bitcoin continued to break new records by reaching over $ 108,000 in December, its upward momentum has diminished in recent weeks. At this point, BTC fell to $ 90,000 and then went on the offensive again yesterday. As Bitcoin reaches $98,000, a top analyst says BTC could reach a new record high in January of next year. Accordingly, Vetle Lunde, head of research at crypto research firm K33 Research, argued that Bitcoin could reach its new ATH and cyclical peak around mid-January next year, citing historical data. Lunde stated that he made this prediction based on BTC's previous cycles and said that he expects the price to reach a new peak on January 17, 2025 in this cycle. Lunde said that data from the last three cycles show that the average time between Bitcoin’s first and last all-time high in each cycle was 318 days. At this point, the analyst noted that since Bitcoin reached its first record high on March 5 during this current cycle, if history repeats itself, investors could see BTC reach a new, cyclical high on January 17, 2025, during this cycle. Lunde stated that Bitcoin could reach $146,000 this cycle based on previous cycle peak prices, while adding that it could potentially go up to $212,500 this cycle based on previous market capitalization. If Bitcoin reaches a new high in mid-January, it will coincide with Donald Trump’s inauguration as US president on January 20. *This is not investment advice. Continue Reading: As Bitcoin (BTC) Approaches $100K Again, Analyst Gives Date for New Peak!

Read more

Record Bitcoin Options Expiry Brings Nail-Biting Market Tensions

A record-breaking $14 billion Bitcoin options expiry is set for Friday, marking the largest such event in the history of Deribit, according to Coin...

Read more

Solana Memecoin Musk the Manipulator (MUSKMANI) Will Rally 14,000% Before Exchange Listing, While Dogecoin and BONK Fall

Musk the Manipulator could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Musk the Manipulator (MUSKMANI), a Solana memecoin launched today, is set to explode over 14,000% in price in the coming days. This is because MUSKMANI is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Musk the Manipulator can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Musk the Manipulator could become the next viral memecoin. Musk the Manipulator launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Musk the Manipulator on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Musk the Manipulator by entering its contract address – DZpfk5LaLrnP6vSFJnLSMAopUuTJGiFk7543rQxh4ids – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKMANI. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

Read more

Will Bitcoin Experience a Santa Rally? Caution Advised Amidst Market Uncertainty

As the year draws to a close, the crypto market experiences increased excitement with the emergence of the much-anticipated ‘Santa Rally’ phenomenon. This market behavior, characterized by price increases in

Read more

Economist Declares "Santa Rally" In Bitcoin

Bitcoin decided to stay afloat despite end-of-year correction

Read more

South Korea’s crypto investors surpass 15.59M, holding $79B in assets

The Bank of Korea revealed there were over 15.59 million domestic crypto asset investors by the end of November. This means more than 30% of South Korea’s population is investing in digital assets, particularly on the top 5 domestic exchanges Upbit, Bithumb, Coinone, Korbit, and GOPAX. According to the Bank of Korea, domestic asset investors augmented by 610,000 in November, bringing the total to 15.59 million. South Korea’s crypto investors drive market value to $79 billion Although November saw the highest increase in crypto investors in the country, in the preceding months, the number of investors grew steadily by approximately 100,000 people per month. In July, there were about 14.74 million domestic asset investors before rising to 14.82 million in August, 14.88 million in September, and 14.98 million at the end of October. The stark increase in investors in November, however, coincides with the impressive rise in Bitcoin prices which surged from around 100 million KRW at the end of October to over 135 million KRW by late November. Not to mention, the influx of domestic investors and Bitcoin prices in November, boosted the total crypto holdings, to 102.6 trillion KRW (approximately $79 billion), compared to 58 trillion KRW in October. Moreover, deposits in exchanges not yet invested added up to 8.8 trillion Korean won at the end of November. The average daily trading volume of domestic virtual asset exchanges also surpassed combined trading volumes on South Korea’s Kospi and Kosdaq stock exchanges reaching 14.9 trillion won in November. In the preceding months, however, the average daily transaction volumes oscillated around 2 and 3 trillion KRW, with October recording only 3.4 trillion KRW. Rep. Lim Gwang-hyun of the Democratic Party of Korea, a member of the National Assembly Planning and Finance Committee, commented on the growing virtual asset market saying: “The virtual asset transaction volume is rapidly increasing to a level comparable to that of the stock market.” He added that the government needs to prepare on how to ensure sound market transactions to promote stability in the crypto space and safeguard the rights and interests of digital asset users. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Read more

One in three Koreans now own crypto, Bank of Korea says

A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets. South Korea ‘s crypto market is rapidly booming as the number of investors reached 15.59 million by the end of November, Yonhap News Agency reports , citing data shared by Democratic Party lawmaker Lim Kwang-hyun. The latest figure shows an increase of 610,000 investors from the previous month, likely fueled by optimism following Donald Trump’s presidential election victory. According to the data, the total value of crypto held by South Korean investors reached a record 102.6 trillion won (around $78 billion) in November, up from 58 trillion won in July. While the data doesn’t specify which cryptocurrencies are most popular among investors, the average amount held by each investor surged to 6.58 million won, a huge increase from previous months. You might also like: Ki Young Ju: South Korea’s economic crisis could drive crypto businesses overseas In terms of trading activity, the daily trading volume on South Korea’s top five crypto exchanges — Upbit, Bithumb, Coinone, Korbit, and GoPax — reached nearly 15 trillion won in November, almost matching the daily trading volume of the country’s stock markets. However, some warn that the market is growing too fast. Lawmaker Lim Kwang-hyun has asked the government to make sure the crypto market remains stable and to protect consumers from possible risks. However, it is still unclear what steps the authorities will take in the near future. Read more: Chief of South Korean Stock Exchange says crypto should be institutionalized quickly

Read more

One in three Koreans now own crypto, Bank of Korea says

A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets. South Korea‘s crypto market is rapidly booming as the number of investors reached 15.59 million…

Read more