#SouthKoreaCryptoPolicy
Police Crackdown Uncovers Coordinated Crypto Scam Network
The fraudsters’ approach was calculated and convincing, preying on unsuspecting everyday investors eager to enter the crypto market.
Law enforcers have arrested 20 suspects, while others are still under investigation. Officials believe that there could be other victims remaining unreported, and top-level operators may still be on the loose. This clampdown shows South Korea’s determination to shine a light on crypto fraud despite the dominance of the retail players on this market.