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South Korea arrests 215 suspects dismantling $232 million crypto fraud

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South Korea arrests 215 suspects dismantling $232 million crypto fraud

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

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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