DeFi News Daily Official TheBitTimes.com

1. South Korea’s Crypto News This Week 1.1 South Korea’s National Pension Service Denies Intent to Invest in Virtual Assets, Clarifies Automatic Index Purchases link According to Money Today, the National Pension Service (NPS) of South Korea has addressed concerns regarding its holdings in stocks related to virtual assets, stating that the purchase of Coinbase and MicroStrategy shares was not motivated by an interest in virtual asset investments, but rather due to these companies’ inclusion in the benchmark index (MSCI). The National Pension Service currently holds 280,000 shares of Coinbase, valued at approximately 100.9 billion won, and 200 shares of MicroStrategy, valued at around 400 million won. Although the market has interpreted this as the NPS indirectly investing in virtual assets such as Bitcoin through the acquisition of these stocks, the NPS has refuted this claim, clearly asserting that Bitcoin and other virtual assets are not part of its investment strategy. 1.2 Kakao Exe...

Four Chinese nationals and a Lao citizen were arrest ed over their role in a crypto currency fraud that caused victims 2.7 billion Baht (approximately 76 million) worth of losses. The Cyber Crime Investigation Bureau (CCIB) of Thailand shared that at least 3,280 people have fallen victim to this crypto currency scam, with reports occurring since November 2022, The Bangkok Post reported. Not just one case of fraud Victims were said to being approached by strangers or foreigners who invited them to invest using foreign mobile apps and other online platforms, promising a high return on investment. Pol Col Kissana, the spokesperson for the CCIB, shared that many victims invested their life savings into this scam, even taking out a second mortgage on their land or home. The investigation found that several of the people running the fraudulent website (bchgloballtd.com) were also linked to other fake platforms. With support from Homeland Security Investigation and other law enforcement ...