Korean investigation finds $1.48B in illegal overseas crypto transactions

Cointelegraph

Published Jul 08, 2021 07:26AM ET

Updated Jul 08, 2021 09:00AM ET

An interagency investigation into suspected crypto fraud and money laundering in South Korea has led to the discovery of 1.69 trillion won (about $1.48 billion) in illegal overseas cryptocurrency transactions.

According to The Korea Times, 33 people have been implicated by the Seoul Central Customs for contravening the country’s ban on overseas crypto trading.

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