🚨 Fraudulent Crypto Platform Launders $756.8 Million in South Korea 🚨

🚨 Major Money Laundering Scheme Uncovered in South Korea 🚨

South Korean police have uncovered a massive money laundering operation involving a fraudulent cryptocurrency platform. The group, led by a former professional football player, used the fake platform to launder a staggering 1.1 trillion Korean won (around $756.8 million) for 112 gambling websites.

Between January 2022 and September 2023, the criminal ring profited around $6.88 million by using over 200 bank accounts and charging a 0.1% transaction fee. Shockingly, deepfake videos were also used to lure minors into gambling, with 80 minors targeted.

So far, eight arrests have been made, and 11 others have been indicted. A stark reminder of the risks in the world of cryptocurrency and online scams. 🚫

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