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South Korea arrests 23 over USDT laundering for Cambodian fraud network – TON BOT

South Korea arrests 23 over USDT laundering for Cambodian fraud network

South Korean authorities have dismantled a cryptocurrency laundering operation that moved $11.1 million for a Cambodia-based phishing syndicate. 23 suspects were arrested and linked to 265 cases of fraud, with proceeds disguised through over 11,000 accounts. The investigation also resulted in the arrest of 33 individuals operating illegal currency exchange services using cryptocurrency. Police continue to crack down on crypto-related financial crimes in South Korea.


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