South Korea Charges 23 Over Crypto Laundering Tied to $11M Cambodian Scam Ring
South Korea has arrested dozens accused of moving $11.1 million in crypto for a Cambodia-based phishing group.
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a16z Crypto launched first Asia office in Seoul, South Korea, its first physical presence outside the US for crypto operations SungMo Park, former Polygon Labs and Monad Foundation APAC lead, appointed to lead a16z Crypto’s regional operations in Asia Seoul chosen as Asia hub because South Korea is world’s second-largest crypto market with one in […] The post a16z Expands to Asia With New Seoul Hub for Crypto Innovation appeared first on Live Bitcoin News.
Read full articleSouth Korea has arrested dozens accused of moving $11.1 million in crypto for a Cambodia-based phishing group.
South Korean authorities have dismantled an alleged cryptocurrency laundering operation that moved 16.8 billion won ($11.1 million) through USDT transactions and exchange transfers on behalf of a Cambodia-based phishing syndicate. According to local news outlet Newsis, the Seoul Metropolitan Police…
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This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. When I landed in Seoul after a grueling 12-hour flight from San Francisco, I walked through an unmanned immigration checkpoint, where a machine scanned my face and passport. On the subway home,…
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