SOUTH KOREAN CUSTOMS CRACK DOWN ON $101.7M CRYPTO FRAUD OPERATION
South Korean crypto fraud crackdown: The South Korean Customs Service (KCS) has dismantled a large-scale cryptocurrency money laundering operation involving approximately 150 billion won (equivalent to $101.7 million). According to a report by Yonhap, three Chinese nationals were arrested for violating South Korea’s Foreign Exchange Transactions Act. Authorities said the suspects laundered crypto funds from…