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MoreDCENT Wallet Hacking Incident: Criminal Complaints and Liability for Damages
Unauthorized transfers of digital assets from DCENT app wallets have raised questions about how affected users can respond to the incident and whether the wallet provider may be held legally liable. According to DCENT, the company received its first report of unauthorized asset transfers on September 16, 2026. As of September 17, DCENT stated that it was working with law enforcement authorities, cybersecurity specialists, and cryptocurrency exchanges to trace the transferred assets and investigate the technical cause of the incident. As the specific cause of the incident has not yet been conclusively determined, affected users should individually assess the possibility of filing a criminal complaint and pursuing compensation based on their wallet activity records and the movement of their digital assets. 1. Overview of the DCENT App Wallet Hacking Incident According to DCENT's official announcement, the first report of unauthorized asset transfers was received in the early morning of
Korea’s Suspicious Account Transaction Freeze System: What Scam Victims and Account Holders Need to Know
Since June 30, 2026, financial institutions in Korea have been able to promptly restrict transactions involving accounts suspected of being used in emerging phishing schemes, including no-show scams and romance scams. Victims should report the incident before the funds are transferred elsewhere. At the same time, an account holder whose account has been frozen despite receiving legitimate payment must be prepared to prove the underlying transaction with objective evidence. What Is the Suspicious Account Transaction Freeze System? Korea’s 「Special Act on the Prevention of Loss Caused by Telecommunications-Based Financial Fraud and Refund for Losses」 provides procedures for freezing accounts used in voice phishing schemes and refunding eligible victims. However, fraudulent schemes disguised as ordinary transactions involving goods or services have generally fallen outside the scope of the conventional voice phishing refund framework. This created practical difficulties in promptly rest
The CATFI Rug Pull Case and Unfair Trading Under Korea’s Virtual Asset User Protection Act
Meme coins often attract investors because they can be launched relatively quickly and may experience sharp price increases within a short period. Decentralized exchanges, or DEXs, facilitate trades through smart contracts and automated protocols rather than a centralized order-matching system. Once a token has been issued, trading can begin by creating a liquidity pool without going through the formal listing review typically required by a centralized exchange. This structure can attract investors seeking early exposure to newly launched tokens. At the same time, there has been growing concern over so-called rug pulls, in which project operators use false or misleading information to drive up the price of a token and then sell their holdings all at once. In May 2026, the Seoul Southern District Prosecutors’ Office indicted individuals involved in the issuance of the meme coin CATFI on charges including violations of Korea’s Act on the Protection of Virtual Asset Users. Prosecutors all
Why You Should Never Ignore Interest and Criminal Liability for Unpaid Severance Pay
If you are delaying severance payments because “the company is facing financial difficulties” or “we are still discussing payment with the former employee,” you need to review your legal obligations immediately. Once 14 days have passed after an employee's resignation, both statutory interest and potential criminal liability may begin to accrue. When Must Severance Pay Be Paid? Under Article 9 of the Korean Employee Retirement Benefit Security Act, severance pay must be paid within 14 days from the employee's date of retirement. In exceptional circumstances, the payment deadline may be extended by agreement between the employer and the employee. However, even where the payment deadline has been extended by agreement, legal liability may still arise. Moreover, an agreement extending the payment date does not automatically resolve issues relating to delay interest, which requires separate legal consideration. Interest on Unpaid Severance Pay Can Be Significant If severance pa
Criminal Risks and Terms of Service Issues for Crypto Investment Information Providers in Korea
Criminal Risks in Operating Crypto Investment Information Services As the virtual asset market continues to grow, services such as crypto trading signal rooms, paid investment information memberships, and crypto advisory-style services have become increasingly common in Korea. At the same time, regulatory scrutiny over paid investment information services has been increasing. According to the Financial Supervisory Service’s 2024 inspection results for quasi-investment advisory businesses, violations were found in 112 out of 745 businesses reviewed, including cases involving unregistered investment advisory activities. While these figures do not directly relate only to virtual asset cases, they show that Korean regulators are paying closer attention to paid investment information services in general. In practice, disputes that begin as refund complaints may escalate into criminal complaints involving fraud, violations of the Financial Investment Services and Capital Markets Act, or viol
False Naver Blog Posts Targeting Your Business in Korea: How to Request Removal
When Online Defamation Affects Your Business in Korea In South Korea, Naver remains one of the most influential online platforms for search, blogs, and reputation management. For businesses operating in Korea, what appears on Naver can directly affect customer trust, business inquiries, and brand credibility. In recent years, some businesses have discovered Naver blog posts that mention their company or brand name together with words such as “scam,” “fraud,” or “victim warning.” These posts may appear professional and persuasive, even when the underlying facts are inaccurate, misleading, or unrelated to the business itself. For foreign-owned companies or international businesses operating in Korea, this type of reputational damage can be especially difficult to detect and respond to. The content may be written in Korean, indexed on Naver, and viewed as credible by local customers before the company becomes aware of it. Under the Act on Promotion of Information and Communications Networ
