South Korean Bankruptcy Court Expects More Crypto-Related Cases, Launches New Task Force

South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a “working rule” that will help them deal with cases involving individuals who have fallen foul of crypto investments gone wrong.

The court said that it had already laid the ground for this coming wave of bankruptcies by launching a new task force to deal with individuals in investment-related cases.