South Korea Arrests 25 in Major Crypto Scam Crackdown

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TheNewsCrypto 20h ago

South Korea Arrests 25 in Major Crypto Scam Crackdown - TheNewsCrypto

Quick Summary:

South Korea has arrested 25 individuals linked to coordinated fake cryptocurrency investment scams targeting retail investors.

The arrests were made in Jeju, where authorities uncovered four interconnected fraud rings. These groups operated under the appearance of legitimate investment firms, using call centers to pose as crypto advisors.

However, analysts like Anndy Lian caution that previous promises to improve crypto regulations have yet to fully materialize.