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Korean Police Move to Freeze Luna Foundation Guard Assets: Report
23.5.2022
Seoul police are seeking to ban the entity from withdrawing crypto amid suspicions of embezzlement
South Korean Police Forces to Form Dedicated Crypto Teams
9.9.2021
://www.edaily.co.kr/news/newspath.asp?newsid=03857286629178152">Per EDaily and Money Today, the National Police Agency confirmed that it had sent letters to 18 larger local forces, tel
South Korea to Crack Down on Phishing Websites Attacking Crypto Users
10.5.2021
South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul...
South Korean Police Officers Banned From Buying Cryptocurrency
8.5.2021
A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. South Korea...
South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud
6.5.2021
Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors....
‘Dozens’ of Arrests as South Korean Police Swoop on Bogus Ethereum Fund
5.11.2020
South Korean police have closed the net on an alleged ethereum (ETH) scam operation named EtherWallet, making “dozens” of arrests nationwide in suspected USD 44.5 million fraud wrap. Some 3,000 victims have been identified, the police said.
The Seoul Metropolitan Police Agency has been formally...
South Korean Police Seize Shares From Major Bithumb Shareholder
18.9.2020
South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows...
South Korean police seize Bithumb shares in third raid this month
16.9.2020
The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman's shares
South Korean police reportedly raid Bithumb for second time
8.9.2020
Bithumb has remained quiet despite the second police raid in the course of a week
Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...
Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
27.8.2020
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well...
Industry ‘Under Threat’ as South Korean Police Raid Crypto Exchange
26.8.2020
Police in South Korea have raided the offices of Coinbit, a South Korean crypto exchange, under suspicion of widespread market manipulation.
The exchange was set up in 2018 by gaming firm Axia, and has risen to become one of the most promising of the chasing pack of exchanges behind market leaders...
South Korean Police Investigate Who Leaked the Crypto Tax Bill
24.7.2020
Sejong police are investigating who leaked details of the government’s crypto tax bill before it was formally announced
South Korean Police on the Hunt for Ethereum Crime Ring Masterminds
12.6.2020
The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring
South Korean Police Bust Suspected USD 41.5M Ethereum Crime Ring
12.6.2020
Police in Seoul, South Korea, have searched and seized data from at least two unnamed crypto exchanges in the hunt for the masterminds of a suspected ethereum (ETH) fraud ring believed to be worth at least USD 41.5 million.
Per reports from KBS and Joongang Ilbo, the ring made use of multi-level...
South Korean Police Trace 40 People Behind Crypto Payments In Child Porn Ring
27.4.2020
40 people involved in crypto payments on the “Nth Room” case were identified by the South Korean authorities
South Korean Police Charge Operators of USD 18m Bogus ‘Thai Crypto’
16.12.2019
South Korean prosecutors in the city of Daejeon have busted what appears to be a USD 18.4 million multi-level pyramid scheme centering around a fake token.
Per news agency Yonhap, police say that executives from at least one unnamed company convinced “a large number of investors” to invest in...