A #SouthKorean an government official has been accused of misappropriating approximately $400,000 in public funds over a seven-year period. The funds were allegedly used to invest in cryptocurrencies and stocks.
The accused, a grade six civil servant working at Cheongju City Hall, is suspected of forging documents to cover up the embezzlement. Authorities have seized assets including apartments and vehicles in an attempt to recover the stolen funds.
This incident comes amidst increased #regulatory scrutiny of the crypto industry in South Korea, following the #collapse of Terra-Luna and FTX. The country recently enacted a new #law aimed at #Protecting crypto investors.
$BTC
$SOL

Crypto Industry Lost Over $650B After Two Major Scandals in 2022.

1. According the BIS, Terra-Luna ecosystem collaps and over $450 billion vanished.

2. Exchange FTX collapsed, removing over $200 billion from the market.

#crypto2023 #collapse #losers #market #dyor

🔸Bloomberg: The head of Silicon Valley Bank sold $3.6 million worth of bank stock he owned just weeks before the #collapse

Experts predict a possible economic slowdown this year, with warnings of a potential collapse.

Stay tuned for updates. #economy #collapse

The debt crisis in some countries could lead to a domino effect, causing a widespread economic collapse. Are you ready? #debt #collapse

Follow up for Technical, Fundamental & Economical Analysis from the Professional 🐋

Indian crypto exchange Giottus has estimated that the FTX collapse fall has impacted nearly 5 Lakh Indians.

“The FTX crash has hit many people. We estimate that 3-5 Lakh Indians would have had exposure to the exchange and its token FTT.
#Binance #ftx #collapse #indian #investor

As the global economy teeters on the brink of collapse, the impact on daily life could be devastating. Stay informed, stay prepared. #crypto2023 #collapse

Following the collapse of Signature Bank and Silvergate Bank, some companies have turned to crypto-friendly Swiss banks, according to CNBC. Sygnum, one of Switzerland's largest banks, said demand from U.S. crypto firms was pouring in.

#collapse #banks #signaturebank #dyor #BTC

Elon Musk has said he is open to buying Silicon Valley Bank and turning it into a digital bank.

#SVB #crypto2023 #ElonMusk #crypto2023 #collapse

U.S. raises interest rates to highest level in 16 years

After 10 consecutive monthly increases, this could be the last in the series.

#EEUU #crypto2023 #collapse #bank

Nearly half of Americans fear for their #money in #banks

A Gallup poll finds that 48% of U.S. adults fear for the safety of their bank accounts.

#collapse #EEUU #APfinanciero

#Bank stocks plummet, #bitcoin points upward

Shares of different banks fell as much as 40% following the #collapse of #FirstRepublicBank , while bitcoin appreciated slightly.

#crypto2023

U.S. is one month away from economic collapse, warns Treasury Secretary #JanetYellen

Janet Yellen, notified Congress on Monday that the country is about to run out of money and could go into default.

#EEUU #collapse #FED #BTC

😱On Friday, Silicon Valley Bank, which serves many crypto companies, became the largest bank to fail since the 2008 financial crisis.#USDC  price is down -1.16% in the last 24 hours.  #bankruptcy #liquidation #collapse #USDT

▪️ First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking collapse since Lehman Brothers.
#SVB #us #banks #collapse

Bitcoin price hits new peso record in Argentina,it takes more than 6 million Argentine pesos to buy 1 bitcoin.The Argentine peso has collapsed 99% against the dollar since 2018.

#crypto2023 #BTC #collapse

#DoKwon paid USD 7 million to lawyers before #Terra is collapse.

A report notes that the former CEO of Terraform Labs knew the fate that awaited his platform, so he decided to protect himself legally.

Were you a victim of this event or not?

#TerraformLabs #collapse

should i hold the position or close it ??

My liquidation is 0.85.

The loss till now is $2000.

$WIF

#US_Job_Market_Slowdown
#collapse #Market_Update
#marketCrush #BTC☀

They will tell you it is the bottom on #altcoins 🤔🤔🤔
I will tell you collapse starts after breaking these levels 👇👇👇📉📉📉
Market Makers make altcoins season after collapse ,not on the highest level of #btc    price.
Since the begining of crypto time.
They collapse everything and then they enter #alts to get 10x , 20x across the board.
Anybody who tell ypu different is an imbecile.
Look all previous cycles.
First collapse then altseason🚨🚨🚨

#altcoins #BTC #BTCFOMCWatch #collapse