
律动BlockBeats|Sep 23, 2025 06:37
[Cross-Border Fraud Ring Dismantled, Nearly 900 South Koreans Victimized]
BlockBeats News, September 23: According to South Korea's *JoongAng Ilbo*, Seoul police reported that the cross-border fraud ring 'Lungo Company' was apprehended in Pattaya, Thailand. The case involves over 21.1 billion Korean won (approximately $15.1 million), with nearly 900 South Korean victims.
The group employed various schemes, including romance scams, cryptocurrency fraud, and impersonation of public officials, while strictly controlling members' lives within a resort. Currently, 25 members have been arrested, some of whom have already been extradited to South Korea. The ringleader remains detained in Thailand. Police are investigating the source of their database and money laundering channels.
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