South Korean Customs Authorities Nab $101.7M #Crypto Fraud Ring
The South Korean Customs Service (KCS) has dismantled a criminal ring involving nearly 150 billion won ($101.7 million) in #crypto via a money laundering scheme. Per the Korean Yonhap report, three Chinese nationals were held for violating the foreign exchange transactions act. The cryptos were laundered between September 2021 and June 2025 by “exploiting” #crypto accounts, domestic and international, customs office noted. Criminals Purchase Cryptos From Multiple Countries, Korean Customs Service
The agency said Monday that the criminals are facing money laundering charges by receiving deposits from customers via WeChat Pay and Alipay. They supposedly purchased #virtual assets from various countries to [.]
#crypto
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South Korean Customs Authorities Nab $101.7M #Crypto Fraud Ring
The South Korean Customs Service (KCS) has dismantled a criminal ring involving nearly 150 billion won ($101.7 million) in #crypto via a money laundering scheme. Per the Korean Yonhap report, three Chinese nationals were held for violating the foreign exchange transactions act. The cryptos were laundered between September 2021 and June 2025 by “exploiting” #crypto accounts, domestic and international, customs office noted. Criminals Purchase Cryptos From Multiple Countries, Korean Customs Service
The agency said Monday that the criminals are facing money laundering charges by receiving deposits from customers via WeChat Pay and Alipay. They supposedly purchased #virtual assets from various countries to [.]
#crypto