• Home
  • Crypto
  • South Korean Police Bust 34 in Cryptocurrency Drug Bust! 🚓💊
South Korean Police Bust 34 in Cryptocurrency Drug Bust! 🚓💊

South Korean Police Bust 34 in Cryptocurrency Drug Bust! 🚓💊

Uncovering a Crypto-Powered Drug Smuggling Ring: What You Need to Know

Discover how authorities cracked down on a drug smuggling operation using cryptocurrency payments and international courier services.

Police Raid Unveils Complex Drug Smuggling Network

Authorities arrested 34 individuals in connection with a suspected drug smuggling ring.

  • Police uncovered 90,000 doses of methamphetamine, synthetic marijuana, and ketamine.
  • A group of individuals based in South Korea used Vietnam-based smugglers to conceal drugs in cosmetics products.
  • These products were then shipped to South Korea through international courier services.

Authorities Make Significant Progress in Investigation

Law enforcement officers detained nine individuals, including two South Korean ringleaders, and charged 25 others with crimes related to the operation.

  • The smuggling ring operated between August 2023 and April of the following year.
  • The group conducted transactions with crypto-paying buyers via online platforms like Telegram.

Impactful Haul by Law Enforcement 🚓

Authorities discovered nearly six liters of synthetic marijuana, valued at over $1 million on the domestic market, hidden in a mountainside hole.

  • Additional finds included 181g of methamphetamine and 31g of ketamine buried in a countryside location.
  • Gang members visited these hiding spots periodically to divide drugs, distributing them through social media platforms and receiving payments in cryptocurrency.

Ongoing Efforts in the War Against Drug Smuggling

Law enforcement agencies continue their investigation, seizing over $245,000 in funds related to the operation.

  • Authorities suspect the involvement of overseas suppliers and are urging the public to report any suspicious activities related to crypto-powered drug crimes.
  • All cases have been forwarded to the prosecution service for further action.
  • Call for Vigilance and Cooperation 🕵️‍♂️

    With ongoing efforts to combat crypto-powered crimes, authorities call on the public to remain vigilant and report any suspicious activities to investigative agencies.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

South Korean Police Bust 34 in Cryptocurrency Drug Bust! 🚓💊