Stay Informed About the Latest Crypto OTC Crime Wave Sweeping South Korea
Learn about a recent incident involving a gang in Seoul luring victims into a bogus USDT OTC trade. Discover how police arrested the suspects and seized cash and gold during their investigation. Find out more about the rise in crime related to OTC trading in South Korea and the warning issued by authorities to the public. Stay informed about the latest developments in the world of cryptocurrency trading.
USDT OTC ‘Thieves’ Strike in Heart of Seoul 🚨
Police in Gangnam, an affluent district of Seoul, have arrested 10 people accused of stealing money in a fake USDT OTC trade. The gang tricked a victim into a street in the Yeoksam Neighborhood and offered to sell USDT tokens at a discounted price.
- The incident occurred at 12:42 AM on March 21.
- The gang and the victim met online and agreed on a price of just over $74,000 for an undisclosed amount of USDT tokens.
- While pretending to count the cash, the gang assaulted the victim’s group and fled with the money without transferring any coins.
- Police arrested three suspects who fled in a vehicle near the crime scene.
- Four others were apprehended in Anseong, Gyeonggi Province, and two more suspects were caught in Busan.
- The alleged ringleader, who planned the crime and recruited accomplices, was arrested in Cheonan, South Chungcheong Province.
Detectives Seize Cash and Gold in Raids 💰
During the investigation, police discovered that the gang had originally planned their raid in Busan. The gang members targeted crypto traders and used stolen money to buy a gold necklace worth $4,750.
- Authorities confiscated around $37,000 in cash and the gold necklace.
- The suspects have been charged and handed over to the prosecution service.
- Investigators are searching for additional accomplices and the remaining cash.
Crypto OTC Crime Wave Sweeping South Korea? 🔒
The surge in OTC crypto trading in South Korea has led to an increase in criminal activities. Bogus USDT OTC cases are becoming common in South Korean courtrooms. In a separate incident, a group tried to extort nearly $100,000 from two victims through a fake USDT trade.
- Police warned the public to be cautious due to a rise in offline crypto transactions.
- Similar incidents involving crypto scammers have been reported in Incheon and other regions.
Police Issue OTC Trading Warning ⚠️
A police official cautioned the public to be wary of offline crypto transactions, as criminals are posing as traders to target victims. Stay alert and informed to protect yourself from falling victim to crypto-related scams.
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