A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million. Per Newsis, the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team arrested the unnamed individual on March 19. South Korean Altcoin Issuer ‘Conspired with Market Maker’ The…
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Japanese police officers have arrested a teenage high schooler on suspicions of operating an illegal Litecoin (LTC) exchange. Per Manichi Press, Tokyo Metropolitan Police Department’s Cyber Crime Control Division charged a male aged 18 with violating the Payment Services Act on March 4. Litecoin prices over the past seven days. (Source: TradingView) Japanese Police Suspect…
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South Korean police continue to wage “war” on crypto-powered drug trafficking, with officers in the capital Seoul making 452 arrests from June 2022 to December 2023. Per the media outlet Money Today, police arrested three suspected drug dealers. Officers also charged 445 buyers and four illegal “cryptoasset trading platform operators.” South Korean Police in Uphill…
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A suspected scam coin operator was arrested in Gimpo, Gyeonggi Province, South Korea – in a case that appears to be linked to the controversy surrounding the blockchain firm Winnerz. According to YTN, Gimpo police charged an unnamed individual in their 20s with fraud. A second individual (also in their 20s) was also charged with…
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Source: papii/Adobe Police in the Philippines have arrested a South Korean man suspected of stealing some $3.5 million from a nursing care fund – and spending the money on crypto. Officers think the 44-year-old man, unnamed for legal reasons, embezzled the money from April 2022 to September 2022. They think this occurred while the man…
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Source: Angelov/Adobe Police in the South Korean city of Daegu say they have raided a “drug trafficking organization” that used crypto as a payment tool – and arrested 48 people. Per Chosun Ilbo, the Daegu Police Agency’s metropolitan investigation unit arrested 44 people connected to a suspected “overseas drug sales organization.” The group of arrestees…
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Source: Maksim Shmeljov/Adobe South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49. Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people, including the six suspected leaders of six separate organizations.” The group has been…
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Brazilian police officers and Interpol have swooped on a gang of suspected gun-toting crypto thieves, arresting seven people. Per an official release from the Santa Catarina civil police force, officers were issued with eight arrest warrants and four “search and seize” permits last week. They followed up with a series of raids in Brazilian and…
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Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve coordination between the government agencies in similar investigations in the future. Hong Kong’s Financial Watchdog Announces Working Group…
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The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange. The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have set up a crypto-focused working group to deal with illicit crypto exchange activities. In an Oct. 4 statement, the SFC said…
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