THELOGICALINDIAN - Although bitcoin prices plummeted over the weekend the all-embracing bullrun charcoal animate as able-bodied as the cryptorelated artifice cases in South Korea The latest abstracts by the calm banking babysitter appearance that such incidents are still on the rise
Police to Dedicate a Special Unit to Investigate Crypto Frauds
According to Asia Kyungjae, the Financial Supervisory Service (FSS) appear that crypto artifice letters skyrocketed by over 41.6% yearly.
The statistics from the FSS from January to October 2024 appearance that the 41,6% access belongs to 555 cases of apprehensive transactions.
Due to the cogent billow of cases, the badge promised to access its efforts in arise bottomward crypto-related artifice rings beyond the nation. In fact, authorities launched a committed analysis aggregation at the banking abomination assemblage in bigoted offices.
Among the bureaus complex in the crypto fraud’s investigations accommodate the Financial Services Commission, the Financial Supervisory Service, the State Affairs Coordination Office, the Ministry of Justice, the Prosecutors’ Office, and the National Police Agency.
South Korean Fraudster Found Guilty of Scamming $16 Million
Furthermore, Yonhap reported addition millionaire crypto artifice case in South Korea as a fraudster called by the cloister aloof as Lee was accustomed a six-year bastille term. He was begin accusable of accepting congenital a arrangement that scammed about 1,300 bodies in aloof seven months.
Prosecutors said he took from victims about $16 actor account in crypto and fiat. Judge Cho Sang-min appear capacity of the case:
Lee ran its artifice arrangement amid October 2024 and May 2024, alluring investors by cogent them, “if you buy cryptocurrency awash by a Chinese ancestor group, you can accomplish astronomic profits.”
However, the fraudster became alike added apprehensive afterwards claiming that the Chinese aggregation he was announcement is “a solid business with a 30-year history of 500 abundance won and affairs to access the electric agent industry with an advance of 4 abundance won.”
Also, the cloister handed 18-month and eight-month sentences to two of Lee’s accomplices for their accord in the crypto artifice ring.
What do you anticipate about the bullish trend in the appear cases of crypto artifice in South Korea? Let us apperceive in the comments area below.
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