#koreabased

The North Korea-based BlueNoroff APT group has been linked with a new malware strain that is being used to target macOS systems. Dubbed ObjCShellz, the malware shares similarities with the RustBucket malware campaign, which came to light earlier this year. Diving in details Jamf Threat Labs first came across the malware while investigating a Mach-O universal binary executable that was…

Binance acquires S. Korea-based GOPAX exchange

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Leading crypto exchange Binance has acquired a majority stake in South Korea-based GOPAX exchange, Bloomberg reports.

Binance has been working to re-enter the South Korean market since it shuttered operations in 2021. As a result, it reportedly completed the due diligence needed to acquire GOPAX on Jan. 2.

Binance has acquired a majority stake in the GOPAX exchange, according to Bloomberg. The deal saw Binance purchase about 41.2% of the company’s stake from its largest shareholder, Lee Jun-hung.

Funding for the purchase was made from the $1 billion Industry Recover Initiative — a co-investment project led by Binance, Bloomberg reported.

Binance chief business officer Yibo Ling said that the acquisition would see Binance inject capital into the exchange so that customer withdrawals and interest payments can be resumed for GOPAX yield product users.

“The fundamental thrust of this deal was to support customers and make sure that any customer who wants to withdraw their assets has the ability to do so,” Ling said.

Binance CEO Changpeng Zhao said the acquisition of GOPAX will help the exchange rebuild the Korean crypto and blockchain industry.

Journalist at CryptoSlate

Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.

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Korea-based Foundation to help in reconstruction work

Buddhist monks offering prayers at the foundation stone laying ceremony at a monastery being rebuilt by Um Hong Gil Human Foundation, in Gumela,Solukhumbu, on Wednesday, June 21, 2017. Photo: THT Namche Bazaar, June 21 Korea-based Um Hong Gil Human Foundation has agreed to support the mountain communities in Solukhumbu district, and has offered millions of rupees to the Mt Everest region to…

South Korea-based ROAD FC bails on 10-point must scoring for ‘Unlimited Points System’

Judges for the South Korea-based ROAD FC promotion might need to start bringing an abacus to the cage with them.

ROAD FC, starting with its next event, Saturday’s ROAD FC 27 in China, will do away with the traditional 10-point must scoring system in favor of a new scoring method: the “Unlimited Points System.”

ROAD FC officials recently announced the new scoring system, as well as the criteria…