In brief
- South Korea’s customs authority has dismantled an alleged crypto laundering operation accused of moving an estimated 149 billion won using crypto and bank accounts.
- Prosecutors have not disclosed arrests, asset seizures, or whether charges have been filed.
- The case reflects South Korea’s enforcement-led oversight of cross-border crypto flows, Decrypt was told.
South Korea’s customs authority has dismantled an alleged cryptocurrency laundering operation involving funds worth over $101 million.
Three Chinese nationals have been referred to prosecutors after the Korea Customs Service uncovered an alleged crypto laundering scheme that moved funds across national borders, according to a report from Yonhap News Agency published…
