A crypto “mining farm” in Gwangju turned out to be a front for money-spinning of a different kind: illegal gambling.
On Wednesday, South Korean police busted a makeshift gaming room that funneled over $95,000 (₩140 million) through unlicensed machines under the pretense of mining crypto.
Gwangsan Police Station announced that they are investigating a man identified only as “Mr. A” for violating the Game Industry Promotion Act, per a local media report.
The suspect reportedly installed 50 modified gaming machines and two kiosks in an office in Gwangsan-gu earlier this month, running the site under the guise of a virtual currency exchange and mining operation.
Following the bust, authorities confiscated the gaming equipment and are…
Apr 19 2025
