South Korean Police Arrest Suspected OTC Crypto Thief
Supply: spaxiax/Adobe South Korean police bask in arrested a person they bask in of stealing cash as part of a bogus over-the-counter (OTC) crypto alternate. Per the broadcaster KBSlaw enforcement officers within the town of Icheon, Gyeonggi Province, said they had arrested a person “in his 20s” on theft-associated fees. Officers said that the man
South Korean police bask in arrested a person they bask in of stealing cash as part of a bogus over-the-counter (OTC) crypto alternate.
Per the broadcaster KBSlaw enforcement officers within the town of Icheon, Gyeonggi Province, said they had arrested a person “in his 20s” on theft-associated fees.
Officers said that the man “lured” a victim into believing the deal became a bone fide crypto transaction.
The man allegedly equipped to sell the victim unspecified cryptoassets for the sum of spherical $10,700 in cash.
The duo reportedly arranged to meet at a public park in Icheon at 6am on January 4 to achieve the transaction.
🇰🇷 South Korean Alternate Searches for ‘Lost’ Householders of $206M Worth of Crypto
The South Korean crypto alternate Bithumb wishes to search out the “dormant” owners of $206 million worth of coins, in conjunction with #Bitcoin, #Ethereumand #XRP.#CryptoNewshttps://t.co/lfLfubkD6t
— Cryptonews.com (@cryptonews) January 1, 2024
On the opposite hand, police claim, the man arrived at the park in a car. The victim then allegedly handed over the cash to the man.
The latter then took the cash, set it within the passenger seat glove field, and then sped away without transferring the coins.
The alleged victim straight away filed a file at the closest police space. Officers arrested the suspect presently after.
OTC in South Korea: Crackdown Incoming?
South Korean officers bask in dwelling their sights on regulating the OTC and seek for-to-seek for (P2P) crypto markets, as they crack down on unregistered sales.
Final year, the Korea Customs Service claimed that “illegal foreign alternate transactions” made the utilization of crypto hit the $4 billion trace in 2022.
Financial regulators bask in teamed up with the nation’s largest crypto exchanges in a represent to title and shut down illegal OTC operators.
🇰🇷 290,000 S Korean Public Sector Staff Forced to Expose Crypto Holdings
Spherical 290,000 South Korean public sector workers will be compelled to notify their crypto holdings ranging from February.#CryptoNews #SouthKoreahttps://t.co/41Qa8EjkVo
— Cryptonews.com (@cryptonews) January 3, 2024
And police yell that darkweb operators consume illicit portals to facilitate thousands and thousands of USD worth of illegal P2P presents.
Laws enforcement officers are waging battle on an outbreak of minor crypto-powered drug shopping and selling.
In November final year, police in Daegu raided a “drug trafficking organization” that mature crypto as a tool for funds, consuming forty eight of us.
Police and public prosecutors bask in quadrupled their spending on crypto and blockchain analytics instruments as they are searching to end the salvage on offenders.
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