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Two police officers in South Korea have been charged in connection with a $186 million Money Laundering case involving Crypto Assets.
ChainCatcher news, two police officers in South Korea have been prosecuted for allegedly accepting bribes from operators of an illegal Crypto Assets exchange linked to a $186 million voice phishing Money Laundering case. The Suwon District Prosecutor's Office Criminal Division stated that the head of the Seoul Police Department, "F," accepted $59,000 in bribes between July 2022 and February 2024, while senior officer "G" received $7,500 in cash and luxury goods during the same period. The two officers have been dismissed. Prosecutors allege that the officers provided investigative information to criminals, introduced lawyers, requested the unfreezing of accounts involved in criminal activities, and assisted in contacting other law enforcement personnel in exchange for bribes. It is reported that a criminal gang operated an illegal cash-to-Crypto Assets exchange disguised as a gift voucher store in affluent areas such as Gangnam District in Seoul, converting the proceeds from voice phishing scams into USDT stablecoin.

