The post JUST IN: South Korea Exposes $101M Crypto Laundering Ring appeared first on Coinpedia Fintech News
South Korea’s customs authorities said Monday they have uncovered an international crime ring accused of laundering about 148.9 billion won ($101.7 million) in cryptocurrency through unauthorized foreign exchange schemes. Three Chinese nationals have been referred to prosecutors for alleged violations of the Foreign Exchange Transactions Act, according to the Korea Customs Service (KCS). How the …