A graph shows the value of Bitcoin plummeting below 30 million won ($24,000) at the cryptocurrency exchange Bithumb customer center in Seocho-dong, southern Seoul, on Tuesday.
Cryptocurrencies Luna and TerraUSD's prices have plunged, causing a ripple in the global crypto market.
A coin that was once No. 8 globally in terms of market capitalization almost vanished overnight last week.
LKB & Partners filed a complaint on behalf of five clients against Terraform Labs and its co-founders on Thursday.
A digital screen at the Bithumb office in Gangnam, southern Seoul, shows the price of bitcoin falling Wednesday afternoon after the Korean cryptocurrencies Luna and TerraUSD collapsed last week. A bitcoin was ...
The mastermind behind the Terra stablecoin could face legal peril despite regulators in Korea throwing up their hands and saying there is little they can do about what may be the most dramatic collapse in financial markets history.
Bitcoin fell below 40 million won ($31,000) for the first time in nine months.
The price of the largest cryptocurrency dropped around six percent to 43.3 million won ($36,000) on Thursday on the news of Russia’s invasion of Ukraine.
The crisis in Ukraine is driving up the price of gold and knocking bitcoin and other crypto investments.
Bitcoin traded at 51.98 billion won on Monday at 8:45 a.m., up 2.75 percent from the previous day.