Hyundai Group evacuated employees from two major offices in Seoul today after receiving a bomb threat email demanding payment in bitcoin, police said. 

Authorities later confirmed the threat was a hoax, but the incident added to growing concern over a recent wave of extortion, crypto and non-crypto related, threats targeting South Korea’s largest companies.

According to local reports, a 112 emergency call was received at about 11:42 a.m. The caller relayed the contents of an email sent to Hyundai. The message said an explosive device would be detonated at Hyundai Group’s building in Yeonji-dong, Jongno-gu, at 11:30 a.m.

It added that a second bomb would be taken to Yangjae-dong,…

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The bitcoin price could climb to $143,000 next year as continued adoption through exchange-traded funds and a more accommodating U.S. regulatory backdrop draw new capital into the market, according to a new forecast from Citi.

Analysts at the Wall Street bank set $143,000 as their base-case target for the bitcoin price over the next 12 months. They outlined a bullish scenario that places the price above $189,000, while their bearish case sees the bitcoin price falling to around $78,500 if macroeconomic conditions deteriorate, according to MarketWatch reporting.

The bitcoin price was trading near $88,000 on Friday, down roughly 30% from its late-October peak. The pullback…

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