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South Korean prosecutors seize $3.20 million worth of cryptocurrency while investigating illegal foreign exchange transactions

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2025-06-26 03:27:19
On June 26, according to Yonhap News Agency, South Korean prosecutors raided a gang suspected of earning billions of won in fees through unregistered foreign exchange business and seized 4.40 billion won (about 3.20 million US dollars) worth of cryptocurrencies, including Ethereum. The gang is suspected of conducting illegal currency exchanges over the past six years, profiting from transaction fees by receiving personal funds and using online payment platforms to top up different currency accounts.
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