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Two South Korean police officers have been indicted in connection with a $186 million cryptocurrency money laundering case.

 two South Korean police officers have been accused of accepting bribes from illegal cryptocurrency exchange points, with a total amount of money laundering involved reaching as high as 186 million USD (approximately 249.6 billion KRW). Prosecutors accuse these two officers of providing investigation intelligence to criminal gangs, assisting in unfreezing accounts, introducing lawyers, and connecting with other law enforcement personnel in exchange for money. South Korean authorities have frozen about 1.1 million USD (1.5 billion KRW) in related assets. The money laundering gang, led by a ringleader in cooperation with CEO "A," recruited members from January to October 2024, operating cash exchange points disguised as "gift voucher shops" in busy areas such as Yeoksam-dong, Gangnam District, Seoul, converting proceeds from voice phishing scams into USDT stablecoins. The shop even posted warning signs saying "Beware of voice phishing" to deceive people.

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