According to ChainCatcher, as reported by Protos, a 60-year-old cryptocurrency fugitive was arrested in Seoul on August 22, 2025, for allegedly defrauding 13 million USD in a cryptocurrency scam. The man was stopped by police for throwing away a cigarette and attempted to evade further questioning through bribery.
The police stopped the man in the Gwanak District of Seoul as he pleaded with officers to let him go while attempting to hail a taxi. The man refused to hand over his ID and tried to escape but was ultimately arrested. Investigations revealed that he is suspected of committing a cryptocurrency fraud case involving 17.7 billion won (approximately 12.6 million USD) from 2018 to 2019, with around 1,300 victims.
Currently, the man faces 10 charges, including assault and fraud, and has been on the run since 2020. He has now been detained by the Southern District Prosecutor's Office in Seoul.
