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South Korean regulator begins sanctions process against Dunamu: Report

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The proceedings come as South Korea’s Virtual Asset User Protection Act lacks explicit sanctions provisions for hacking and computer system incidents, leaving the scope of penalties uncertain.

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Coin Market

Nakamoto shares fall 6% premarket after Q3 revenue turns negative

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A $5.8 million loss on Bitcoin options pushed operating revenue below zero, and higher Bitcoin prices lifted net income to $85.5 million.

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Israeli police arrest five in $5M WhatsApp crypto trading probe

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Police suspect the group drew up fictitious loan agreements to disguise crypto trading proceeds it transferred directly into bank accounts.

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DOJ moves to seize $1.2B from Binance hack, disrupts FaceStealer scam

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Authorities froze over $2.7 billion in Binance hack proceeds, while the separate FaceStealer scam stole over $400 million in 18 months.

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