Articles by

Danny Park

Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.

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January 2023

Why is it harder to arrest Terra-Luna founder Do Kwon than FTX’s Sam Bankman-Fried?

South Korea’s attempts to extradite the founder of the collapsed Terra-Luna stablecoin will remain hamstrung while the courts in Seoul dispute the charges against him.

FastForkast headlines

CEO of South Korea’s V Global US$2 bln crypto pyramid scheme gets 25 years in prison announces 20% cut in headcount, cites post-FTX market conditions

Coinbase to cut jobs, shut down most of its cryptocurrency operations in Japan

Markets: Bitcoin, Ether prices jump as U.S. indicator shows inflation pressure is easing

Binance says it plans to expand hiring by as much as 30% in 2023 as rivals cut jobs

DCG writes to shareholders to detail finances amid US$900 mln Twitter feud with Winklevoss

Paycoin seeks reapproval after S.Korea suspends the payments token: report

Lido DAO surges 35% over the last week, BitDAO gains 22%: Why?

Animoca Brands slashes Web3 fund target to US$1B: Bloomberg

Markets: Bitcoin, Ether little changed; Polygon, XRP lead losers; Cardano holds onto gains

U.S. banking regulators warn against cryptocurrency fraud, contagion risks

Binance declines comment on speculation it may buy South Korean crypto exchange GOPAX

Final Fantasy’s Square Enix stays committed to blockchain despite backlash

DCG’s Silbert, Gemini’s Winklevoss start Twitter spat over frozen funds, billion dollar loans

OKX’s OKB, OKT tokens surge at least 13% each after 85% quarter

January 2023

South Korea keeps betting on the metaverse, ignoring the current clunky technology

South Korea took a real shine to the metaverse in 2022, with the central government, regions and cities all interested in getting a piece of the virtual reality pie, despite criticism that the technology has a long way to go.

U.S. authorities say two FTX, Alameda executives have pleaded guilty to fraud

Caroline Ellison and Gary Wang, two integral members of the Sam Bankman-Fried now collapsed cryptocurrency businesses, are cooperating with prosecutors.

Sam Bankman-Fried arrested in Bahamas — could other FTX executives be next?

The fall from grace: Once one of the most admired figures in crypto, the former head of the FTX exchange is unlikely to see his Bahamas penthouse anytime soon after being arrested Monday on U.S. charges that are expected to lead to his extradition.

South Korea’s Wemade shares drop, WEMIX token plunges after delisting verdict

The South Korean blockchain game maker’s WEMIX cryptocurrency will be removed from the country’s four major cryptocurrency exchanges that collectively account for more than 95% of the country’s crypto trading volume.

S.Korean prosecutors mull second request of arrest warrant for Terra cofounder Daniel Shin

Seoul judge dismisses prosecutors’ request for arrest warrant for Terra’s Daniel Shin, derails their plan to investigate Shin in custody

FastForkast headlines

OKX’s OKB, OKT tokens surge at least 13% each after 85% quarter

Late Nexon CEO’s US$6.7 mln crypto stolen; hacker gets six years in prison

Japan game maker Gumi strikes US$52 mln metaverse deal with Square Enix, SBI

Markets: Bitcoin, Ether fall; Solana, Cardano show bigger losses

British Columbia suspends new electricity connections for crypto miners

FTX says it has over US$1B in cash assets

FTX founder Sam Bankman-Fried set to return to the U.S. on Wednesday

South Korea freezes US$93 mln in assets of former Terra-Luna associates

S. Korea’s Busan city crypto exchange moves ahead without global partners

South Korea’s ‘metaverse’ province says will use virtual platform to expand ties with Vietnam

Markets: Bitcoin, Ether little changed after weekend slump; Binance BNB token regains some ground

Japan plans to ease corporate tax rates for cryptocurrency issuers

Markets: Bitcoin, Ether fall with equities as concerns about recession knock Wall Street lower

Japan ruling party lawmaker calls for regulatory clarity after FTX debacle

South Korean official says no confirmation Binance pulling out of Busan city crypto exchange project

Terra fugitive Do Kwon has registered address in Serbia: S. Korean local media

Wemade appeals against the court ruling in favor of WEMIX delisting

Markets: Bitcoin, Ether prices rise as November U.S. inflation reading lower than expected

Sam Bankman-Fried arrested in the Bahamas, expected to be extradited to U.S.

S.Korea discusses control over crypto listings after WEMIX delisting

Terra cryptocurrency fugitive Do Kwon flew to Serbia last month, South Korean prosecutor says

Wemade to buyback US$10 mln in WEMIX after delisting verdict

Markets: Bitcoin, Ether prices rise as gains in U.S. equities help cryptocurrencies bounce back

S.Korea court dismisses Wemade’s injunction, local exchanges to delist WEMIX

S.Korea central bank puts hand up to regulate stablecoins

Majority of ‘wealthy’ South Koreans say no plan to invest in crypto, cite lack of trust

Wemade in talks with Binance for custody of WEMIX cryptocurrency

S.Korea court to settle MIR4 maker Wemade, WEMIX legal battle

Terra cofounder Daniel Shin makes court appearance for arrest warrant review

S. Korea energy conglomerate builds US$84 mln metaverse fund

FTX collapse will blunt activities of North Korea hackers, analyst says

South Korea’s Shinhan Bank starts ‘metaverse’ services, according to local media

December 2022

S. Korea’s Wemade files injunction against country’s top 4 crypto exchanges

The blockchain game maker fights delisting of its symbolic WEMIX crypto token.

BlockFi files for bankruptcy protection, set to sue Sam Bankman-Fried over collateral

The cryptocurrency lender was hit by the earthquake set off across the industry by the collapse and bankruptcy of the FTX crypto exchange this month, and other companies are looking vulnerable.

S.Korean Wemade’s stock falls 30% after exchanges announce WEMIX token delisting; CEO blames Upbit exchange

The delisting poses a great obstacle to the game maker’s growing blockchain empire, while Wemade’s CEO blames the crypto exchange

S.Korea’s top regulator says digital assets, virtual assets are different

While the crypto industry grapples with the definition of blockchain-based digital tokens, South Korea wants to nail down the terminology.

South Korea freezes Terra cofounder Daniel Shin’s US$104 mln in assets; CEO Do Kwon tweets he was wrong, not fraudulent

Terra’s former executive Daniel Shin’s US$100 million were frozen on Thursday; Do Kwon tweets that the Terra team did everything to save UST

FastForkast headlines

South Korea’s Shinhan Bank starts ‘metaverse’ services, according to local media

Sony launches motion capture wearables for the metaverse

S. Korea releases ethical guidelines for the metaverse

U.S. cryptocurrency lender BlockFi files for Chapter 11 bankruptcy, will lay off about 200 staff

LINE’s crypto exchange BITFRONT announces closure, to suspend trading by 2023

U.S., S. Korea applied for over 75% of world’s metaverse patents: report

Terra-Luna cofounder Daniel Shin may face fraud charges in South Korea, prosecutors say

S.Korea’s Ifland metaverse launches globally in 49 countries

Thai crypto exchange eyes Hong Kong for possible public share sale in 2024: report

S. Korea mulls requirement for digital asset exchanges to compensate sudden withdrawal suspension

S.Korea examines exchange native tokens after FTX meltdown

South Korea, Singapore, Japan biggest users of FTX pre-collapse, says CoinGecko

Terra cofounder Daniel Shin denies $100 mln LUNA cashout: report

FTX contagion in S.Korea: GOPAX halts Genesis-backed DeFi