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International Crypto Crime Ring Exposed: South Korea Uncovers $100 Million Laundering Scheme

International Crypto Crime Ring Exposed: South Korea Uncovers $100 Million Laundering Scheme

Author:

Global Cryptocurrency

Published:

2026-01-20 10:13:02

17

2

BTCCSquare news:

South Korean authorities have dismantled a sophisticated cryptocurrency laundering operation involving 150 billion won ($101.7 million), marking one of the largest crypto-related financial crimes in the region. Three Chinese nationals now face prosecution for violating foreign exchange laws.

The scheme exploited cross-border crypto transfers and domestic bank accounts, masking illicit flows as legitimate medical and education expenses. This crackdown coincides with South Korea's push for stricter digital asset regulations amid surging retail investment.

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