Police

South Korean Police Raid ‘Illegal Gambling Den Disguised as Crypto Mining Center’

South Korean Police Raid ‘Illegal Gambling Den Disguised as Crypto Mining Center’

South Korean police have raided a suspected illegal gambling den whose operator claimed it was a center for crypto mining. The news agency Yonhap and the media outlet Asia Kyungjae reported that Gwangsan Police Station in Gwangju, South Jeolla Province, announced on April 9 that officers are questioning the alleged den’s operator. Officers are holding […]

South Korean Police Raid ‘Illegal Gambling Den Disguised as Crypto Mining Center’ Read More »

South Korean Crypto Traders ‘Duped into Joining Money Laundering Scams’

South Korean Crypto Traders ‘Duped into Joining Money Laundering Scams’

Fraudsters are targeting South Korean crypto traders with sophisticated scams that help criminals launder money, police claim. Per a report from the South Korean media outlet CBS NoCut News, scammers are luring crypto wallet holders with offers of “part-time” crypto trading “jobs.” South Korean Crypto Traders: Money Launderers Post ‘Part-time Job Ads’ The media outlet

South Korean Crypto Traders ‘Duped into Joining Money Laundering Scams’ Read More »

UK Authorities Have Frozen .7M in Crypto from Ill-Gotten Profits Since Last Year: Report

UK Authorities Have Frozen $7.7M in Crypto from Ill-Gotten Profits Since Last Year: Report

UK police and other authorities have frozen about £6 million ($7.76 million) in crypto obtained from ill-gotten gains since 2024. Per an investigation by MailOnline, these cryptos have been frozen by the court since the new enforcement powers last year. The UK police, ministers, law enforcement and the HMRC launched a crackdown on the ‘emerging

UK Authorities Have Frozen $7.7M in Crypto from Ill-Gotten Profits Since Last Year: Report Read More »