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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November 2022

Singapore’s Temasek writes off US$275 mln in FTX

Temasek says its belief in Sam Bankman-Fried may have been ‘misplaced.’

AAX crypto exchange at risk of capital deficit, says market vulnerable from FTX collapse

AAX wants to reopen withdrawal services with additional capital, while VP Caselin told Forkast AAX is caught in a market-wide vulnerability.

Terra cofounder Daniel Shin’s Chai Corp. raided by S.Korean authorities

Daniel Shin’s Chai Corporation, which partnered with Terraform Labs in 2019, is accused of violating capital market rules in past dealings with Terra.

Trezor, Ledger report surge in hard wallet sales amid FTX meltdown

What to do when one of the world’s most trusted crypto exchanges implodes? For many it’s finding a safer place for their assets, and that is typically hardware wallets.

FTX liquidity crunch leads to contagion fears; Friday updates and running commentary

The following is a running compilation of views and comments on the possible short- and long-term outcomes of FTX’s liquidity crunch.

Binance pulls out of FTX buyout; latest updates and commentary

The following is a running compilation of views and comments on Binance’s announcement that it will not go ahead with the acquisition of

Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets

The South Korean founder of the collapsed Terra stablecoin faces multiple allegations of wrongdoing, the latest being price manipulation.

FastForkast headlines

Korbit is first South Korean exchange to disclose full crypto reserves, post-FTX debacle

S.Korea summons ex-Terra exec Daniel Shin over US$100M in LUNA gains

AAX crypto exchange says it is suspending withdrawals amid FTX fallout

Tron’s Justin Sun stresses ‘due diligence’ needed before considering FTX bailout

California financial regulator launches probe into FTX

FTX assets frozen by Bahamas securities regulator

‘Pharma bro’ Martin Shkreli to Do Kwon: jail isn’t that bad

Binance buys FTX: Updates on what it means for the crypto industry

Japan’s Web 3.0 lawmaker urges further easing of country’s crypto regulation

Zuckerberg’s Meta plans to lay off thousands of employees: WSJ report

LG Electronics seeks Web3 talent for blockchain, NFT efforts

South Korea’s online KakaoBank to open accounts for Coinone exchange users this month

Binance will re-enter South Korea’s crypto market, CZ says

NEAR sets up Web3 hub in South Korea, eyes Asia expansion

Asia’s largest metaverse Zepeto targets sex abuse, exploitation

S.Korea sees passing crypto investor protection as a priority: report

Markets: Bitcoin, Ether prices fall; Dogecoin, Shiba Inu bull run continues; BNB gains

November 2022

Binance says will help Busan city grow blockchain industry from bottom up

Busan, S. Korea’s designated blockchain city, plans to make itself a global center for the technology. Binance, the world’s largest crypto exchange, plans to help.

Education is best protection measure in blockchain tech, says Binance chief CZ

Binance CEO Changpeng Zhao believes education is key to a wider, safer adoption of blockchain technology.

FTX CEO Sam Bankman-Fried says action needed on global rules for cryptocurrencies

Bankman-Fried says the global crypto industry needs a “passporting” policy framework that lowers barriers for crypto businesses.

S.Korea’s Shinhan Securities lays groundwork toward hoped-for crypto expansion

As a leading financial institution of South Korea, Shinhan is gearing up for business expansion into crypto — while a local ban remains on the books.

South Korea indicates fugitive Do Kwon’s passport still valid; his location unknown

Kwon has been issued with an Interpol “red notice” requesting his extradition on charges brought by South Korea related to the implosion of the Terra Luna cryptocurrency project he founded

DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis

South Korean media has reported that local crypto exchanges may become a “playground” for North Korean hackers.

S.Korea’s parliament audit on Terra-LUNA falls short of expectations

The National Assembly wanted to get to the bottom of the Terra-LUNA collapse on Thursday. At the end of a long and speech-filled day, lawmakers left empty-handed.

Is crypto money? A South Korean court says no

The country’s judiciary says Bitcoin loans not affected by interest limitation act, as crypto is not ‘money’

FastForkast headlines

Markets: Bitcoin, Ether prices fall; Dogecoin, Shiba Inu bull run continues; BNB gains

Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday

Blockchain will be YouTube for finance, says CEO of South Korean blockchain firm Streami

Gaming and NFTs will drive Web3 growth: COO

A 100% reserve is a must for any stablecoin: Wemade CEO, sign on to boost Busan’s blockchain aspirations

Apple will not allow NFTs to unlock in-app features

Letter to Zuck: Meta, metaverse dreams must come down to earth

South Korea’s MIR4 maker Wemade launches stablecoin

Software maker Hancom raided amid suspicions over token Arowana, slush fund

Ripple lawyer says ‘worth the fight’ as SEC hands over Hinman files in court case

South Korea mulls uploading headshots of sex offenders on 3D metaverse

Japan eases token vetting process to expand crypto offerings: report

Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

Japan pushes for tougher crypto AML regulations amid N. Korean cyberattacks

Japanese gaming giant Konami is recruiting for expansion into Web3, metaverse

Meta’s flagship metaverse said to fall short of performance expectations

North Korea’s Lazarus Group attacks Japanese crypto firms, police say

South Korea seeks software to track US$7.2B in illegal crypto

Fed’s top bank watchdog eyes new regulation for banks doing crypto

BNY Mellon, largest custodian bank, starts Bitcoin, Ether custody services

Bitcoin mining difficulty hits new high after Ethereum ‘Merge’ makes space

Arrested Terra employee, Do Kwon associate, released from custody amid S. Korea Terra-LUNA probe

South Korea’s Dunamu CEO blames weak regulation for Terra-LUNA aftermath

Terra’s network validator DSRV Labs CEO denies prior knowledge of Terra-LUNA collapse

South Korea makes first arrest in Terra-LUNA investigation

S.Korea gov’t failed, special prosecutor needed on Terra-LUNA, lawmaker says

S.Korea financial regulator restates support for blockchain, crypto protections

Terra CEO Do Kwon to lose his passport within a month

Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says

Japan’s PM announces NFT and metaverse expansion

Dunamu, BTS’ Hybe launch first K-pop digital collectibles platform

Apple CEO Tim Cook backs AR tech over the metaverse

October 2022

South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs

Terraform Labs Pte. Ltd., the firm behind the collapse of the Terra-LUNA stablecoin project said South Korean prosecutors’ measures in pursuing its chief executive officer Do Kwon violate his basic rights under Korean law.

Do Kwon denies cashout allegations

The man behind Terra-LUNA contradicts the basis of the new action South Korean authorities took to corner and locate him.

FastForkast headlines

Apple CEO Tim Cook backs AR tech over the metaverse

Crypto wallet Metamask unveils all-in-one digital asset portfolio dApp

Busan taps K-pop metaverse to win 2030 World Expo bid

Upbit exchange to use LUNC fees to set up crypto monitoring center

South Korea’s crypto market capitalization drops 58%; user numbers rise