South Korean prosecutors said they arrested and indicted a man in his 30s for allegedly laundering about $554 million through Cambodia’s Huione Pay.
According to NS3.AI, the Incheon District Prosecutors’ Office said the suspect sold cryptocurrency believed to be sourced from criminal activity on a domestic exchange and then converted the proceeds into Korean won.
Prosecutors did not provide additional details in the statement.
South Korean Prosecutors Indict Man Accused of Laundering $554 Million via Cambodia’s Huione Pay
2026-06-09 08:16:55
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