South Korean Police Bust Counterfeit Ring Targeting Crypto Traders
Authorities in South Korea have dismantled a criminal organization that produced counterfeit 50,000-won notes, totaling approximately 459.4 million won ($330,000), to defraud cryptocurrency investors in over-the-counter (OTC) transactions. The scheme was thwarted by an alert trader, leading to several arrests and an Interpol red notice. This incident mirrors similar cases globally, highlighting the physical security risks associated with peer-to-peer crypto trading. Experts advise caution and the use of reputable escrow services.


Cryptovka
South Korean Police Bust Counterfeit Ring Targeting Crypto Traders
Authorities in South Korea








