South Korean police catch $4.1M crypto scam duo
Scammers falsely guaranteed 70% profits on an investment of 1 billion won within a month and stole 5.5 billion won over six different transactions.
South Korean police have caught a pair of fraudsters who stole $4.1 million (5.5 billion won) from a senior citizen with the promise of profitable crypto investments.
The Haeundae Police Station in Busan, South Korea, detained two individuals — in their 20s and 30s, respectively — for deceiving a senior citizen and stealing 5.5 billion spread across multiple transactions.
According to a local report, the victim was promised high returns on cryptocurrency investments between September 2022 and December 2022.
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