Bitsky000

06/16 15:27

South Korea Busts Crypto Laundering Ring Tied to C

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥

South Korea Busts Crypto Laundering Ring Tied to Cambodian… Why Did South Korean Police Target the USDT Network?  South Korean police have arrested 23 suspects accused of laundering criminal proceeds for a Cambodia-based phishing organization, widening the country’s crackdown on crypto-linked financial crime and cross-border scam networks. The Seoul Metropolitan Police Agency’s criminal investigative division said the group allegedly moved 16.8 billion won, or about $11.1 million, in illegal funds between February 2024 and April 2025. The suspects reportedly used USDT purchases and transactions across domestic and overseas cryptocurrency exchanges to move the proceeds. The case highlights how stablecoins have become a preferred rail for criminal groups that need fast settlement, broad exchange access, and easier cross-border movement than traditional banking channels. 

1Compartir