South Korea arrests 215 suspects dismantling $232 million crypto fraud

Illustration: Cinemato via Shutterstock. Article by Kumar Hemant. Candid.Technology – November 13, 2024.

South Korean authorities, led by the National Police Agency, have uncovered and dismantled an elaborate cryptocurrency fraud ring responsible for defrauding over 15,000 individuals out of more than $232 million. The agencies arrested 215 suspects, 12 of whom were taken into custody on charges related to fraud under specific economic crime regulations. […]

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