South Korea Arrests 25 in $540K Crypto Scam Crackdown
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South Korean authorities have apprehended 25 individuals linked to a sophisticated crypto fraud network, marking a significant crackdown on illicit investment schemes. The operation, centered in Jeju, targeted fake call centers posing as legitimate crypto advisory firms, luring victims with promises of unrealistic returns.
This enforcement action coincides with growing political momentum to integrate digital assets into the mainstream financial system. The dual narrative of regulatory scrutiny and institutional adoption underscores crypto’s complex evolution in one of Asia’s most active markets.
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