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$28 MILLION BITCOIN FRAUD LEADS TO MULTIPLE ARRESTS AND MAJOR ASSET RECOVERY A glitch in an Australian crypto site let James Parker and his gang siphon $28M in BTC starting in 2017. The group’s extravagant purchases—exotic cars, watches, villas—led to their undoing, with police… https://t.co/VHYOKHBqsO
SOUTH KOREAN WOMAN BUSTED FOR $480K CRYPTO HEIST A South Korean woman swiped $480K in crypto from a friend to pay off debts, even sneaking into their home to pull it off. Caught within a day, she admitted everything, showing just how messy crypto crime can get. Crypto scams in… https://t.co/0NgW4s8i12
SOUTH KOREAN WOMAN ARRESTED FOR $480K CRYPTO THEFT IN ESCALATING TREND Authorities detained a woman who transferred $480K in crypto from her friend’s account after accessing their phone. This incident follows rising cryptocurrency thefts in South Korea, including a $12.4M… https://t.co/vjZ9EK4QnM
South Korea's largest cryptocurrency exchange, Upbit, is facing potential suspension due to over 700,000 violations of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The Financial Intelligence Unit has proposed a six-month ban on new user registrations as part of enforcement under the new Virtual Asset User Protection Act. This comes amid a broader crackdown on cryptocurrency-related crimes in the country, highlighted by the recent arrest of a woman who stole $480,000 in crypto from a friend to pay off debts. The incident is part of an escalating trend of cryptocurrency thefts, which includes a notable case where $12.4 million was stolen. Additionally, South Korea reported its first case to prosecutors under the new law, involving a suspect accused of running a pump-and-dump scheme that earned billions of won in a matter of minutes.
