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AiCoin
AiCoin|Nov 28, 2025 06:53
[Two South Korean Police Officers Indicted for $186 Million Cryptocurrency Money Laundering Case] Two South Korean police officers have been indicted for allegedly participating in a $186 million (approximately 249.6 billion KRW) cryptocurrency money laundering case. Prosecutors accuse the two of accepting bribes from illegal cryptocurrency exchange points, providing investigative intelligence to criminal groups, assisting in unfreezing accounts, introducing lawyers, and contacting other law enforcement personnel. South Korean authorities have frozen approximately $1.1 million (1.5 billion KRW) in related assets. The money laundering group, led by the main perpetrator and CEO 'A,' operated disguised 'gift voucher shops' as cash-to-crypto exchange points in areas such as Yeoksam-dong, Gangnam District, Seoul, from January to October 2024. They converted funds obtained through voice phishing scams into the stablecoin USDT. To conceal their illegal activities, the shops displayed signs warning against 'voice phishing scams.'
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Timeline

Dec 27, 21:09Massachusetts Auditor Faces Challenge of Refusing to Audit
Dec 24, 00:25The SEC sues three fake crypto trading platforms and four investment clubs
Dec 17, 03:54The JPEX fraud case has been postponed to March 16 for trial.
Dec 15, 15:02Todd Blanche signed a memorandum ending 'regulation through prosecution'
Nov 29, 11:22Investigation into the incident of weapons handed over to criminal gangs
Nov 27, 01:07The United States continues to sue Binance, potentially imposing a $3 billion fine.
Nov 26, 01:01U.S. Bank tests customized stablecoin issuance
Nov 24, 18:05U.S. federal judge dismisses lawsuit filed by Trump's political opponent
Nov 19, 18:07The House of Representatives discusses repealing the government funding provisions.
Nov 19, 11:22The House of Representatives will review the repeal of government funding provisions.

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