Seoul police have cracked an international hacker group involved in Money Laundering related to encryption, with an amount involved of about 30 million USD.

According to Mars Finance news and official information from Chainalysis, the Seoul Police Department has dismantled an international Hacker group after two years of investigation, identifying 258 victims including corporate executives and high net worth individuals, with the involved funds amounting to approximately 39 billion Korean Won (≈30 million USD). The police utilized Chainalysis Reactor to track on-chain fund flows and collaborated across borders, capturing the main suspect in Thailand and extraditing him back to Korea after 106 days, having recovered approximately 14 billion Korean Won. The group has been accused of illegally opening mobile accounts and impersonating institutional personnel to invade and transfer funds.

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