South Korean Police Officers Indicted in $186 Million Crypto-Laundering Case

In brief

  • Two South Korean police officers were indicted for allegedly taking bribes from operators of illegal crypto exchanges tied to a $186 million voice-phishing laundering operation.
  • Prosecutors say the officers provided investigative information, helped unfreeze accounts, and facilitated legal and law-enforcement contacts in exchange for payments.
  • Authorities froze about $1.1 million in assets as part of a broader probe that uncovered a coordinated network converting criminal proceeds into USDT through cash-for-crypto shops.

A South Korean police superintendent and senior officer have been indicted for allegedly accepting bribes from crypto operators who ran illegal exchanges that laundered $186 million (249.6 billion won) in…

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