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S Korean Police Arrest ‘Gang of Chinese language Crypto Thieves’ Who ‘Robbed Excessive-end Resort Visitor’

22.01.2025
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South Korean police have arrested a “gang” of suspected Chinese language crypto thieves accused of stealing round $580,000 price of crypto from a visitor at a luxurious lodge.

The South Korean information outlet Newsis reported that the Jeju West Police Station arrested six folks on “particular theft” costs.

Chinese language Crypto Thieves Arrested at Airport

Police suppose the gang struck a cope with one other Chinese language nationwide who works as an unofficial “crypto and fiat forex exchanger.”

Jeju police open a suitcase apparently filled with South Korean 50,000 won banknotes.
Jeju police open a suitcase crammed with what appears to be like like South Korean 50,000 gained banknotes. (Supply: Jeju West Police Station)

The “exchanger” agreed to promote the group an undisclosed quantity of crypto for over $690,000 in money as a part of an over-the-counter commerce.

The group reportedly gave the “exchanger” money on seven events, with the “exchanger” then transferring cash to their crypto wallets.

Nevertheless, within the early hours of January 16, police stated, the gang traded more cash for crypto.

However throughout this deal, they claimed that they’d not acquired cash from the “exchanger.”

They then “assaulted” the “exchanger,” stole the money they’d given him, and “ran away” with each the money and the crypto.

The gang may have stolen additional crypto funds from the alleged sufferer’s cell phone, police suppose.

The alleged sufferer reported the incident to the police, who tracked the group down. Some members have been present in one other lodge room, with others at Jeju Worldwide Airport, seemingly making ready to flee the nation.

Jeju International Airport.
Jeju Worldwide Airport. (Supply: Bohao Zhao [CC BY 3.0])

Bogus OTC Commerce?

The police suppose the gang “conspired upfront” to steal the sufferer’s crypto by “deceiving him into pondering” they needed to trade it for money.

Officers say they’re additionally investigating the “whereabouts of the cryptoassets stolen” from the alleged sufferer’s “cell phone digital forex pockets.”

South Korea braces for Trump's insurance policies with biggest-ever export finance help https://t.co/ruXKMvGOEa pic.twitter.com/cxnm2OlfDh

— Reuters (@Reuters) January 20, 2025

Jeju police launched video footage of officers opening a suitcase apparently crammed with bundles of South Korean 50,000 gained payments.

The put up S Korean Police Arrest ‘Gang of Chinese language Crypto Thieves’ Who ‘Robbed Excessive-end Resort Visitor’ appeared first on Cryptonews.

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CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

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