‍South Korean Police Bust Counterfeit Ring Targeting Crypto Traders Authorities in South Korea have dismantled a criminal organization that produced counterfeit 50,000-won notes, totaling approximately 459.4 million won ($330,000), to defraud cryptocurrency investors in over-the-counter (OTC) transactions. The scheme was thwarted by an alert trader, leading to several arrests and an Interpol red notice. This incident mirrors similar cases globally, highlighting the physical security risks associated with peer-to-peer crypto trading. Experts advise caution and the use of reputable escrow services.

Cryptovka

South Korean Police Bust Counterfeit Ring Targeting Crypto Traders

Authorities in South Korea

‍Pieverse Launches Agentic Neobank for AI-Managed Web3 Finance San Francisco-based Pieverse has launched its Agentic Neobank, a platform for AI agents to manage digital assets and execute transactions in Web3 finance. The neobank operates on a three-pillar model: Deposit, Delegate, and Earn. Users deposit digital assets, which are converted into pie-wrapped tokens. AI agents, granted scoped permissions, can then manage portfolios, rebalance assets, and participate in yield-generating strategies. Key features include programmable compliance via x402b-powered payments and on-chain timestamping, creating auditable trails for tax reporting and regulatory transparency. The system also enables gasless settlement and cross-chain efficiency. Future plans include a fiat gateway for traditional banking integration.

Cryptovka

Pieverse Launches Agentic Neobank for AI-Managed Web3 Finance

San Francisco-based Pieverse has officially announced the launch of its Agentic Neobank, a pioneering financial infrastructure designed to bridge t...