It has been reported that South Korean prosecutors have started arrests as they investigate suspicious transactions worth $3.4 billion.
Bloomberg August 11 South Korea has two of the country’s largest banks involved in illicit cryptocurrency activities. 3.4 billion dollar suspicious transaction to be investigated stated that the first results were obtained on the subject. According to the information received, three people were arrested.
Daegu District Attorney’s Office 11 July In the announcement published on the establishing a front company and engaging in illegal cryptocurrency trading activities Three people were reportedly arrested for the crime.
Chosun Ilbo The local newspaper called the arrested people, one of the banks subject to the investigation. From Woori Bank abroad 307 million asset in dollar value transfer reported that they were affiliated with a company that According to the information received, the prosecutor’s office did not declare a clear figure regarding the transferred amount.
South Korea no longer allows such incidents to happen in the country. very harsh reactions gives. Kim Joo-hyun, head of the country’s Financial Services Commission (FSC), said in a statement today that new cryptocurrency regulations will be reviewed soon told.