Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

S Korean prosecutors arrested 3 people involved in the multi-billion crypto probe

S Korean prosecutors arrested 3 people involved in the multi-billion crypto probe 4

The authorities of South Korea raided several local crypto exchanges to seize the transaction data record linked to Terra collaspe & also arrested 3 people, who were involved in multi-billion fund transactions to other countries.

South Korea is highly strict toward the illegal activities associated with cryptocurrencies. After the collapse of the Terra ecosystem, Korean government agencies introduced some special force to handle & catch possible illegal activities associated with the cryptocurrency project & also responsible crypto companies, which include crypto platforms.

On 11 August, Bloomberg reported that Korean prosecutors arrested three people. Three arrested guys are suspected actors involved in the multiple billion dollar funds transactions abroad. 

According to the report, arrested people filed wrong financial information, and alongside it, they transferred around a total of $3.4 Billion worth of money transactions outside to the South Korean Federation via the use of local banks. 

A  local Chosun Ilbo newspaper reported deeply about this news and revealed that three suspects used the local Seoul-based Woori Bank, to facilitate 400 billion won (close to $307 million) funds to make money. Indeed these arrested people took the advantage of price difference of a crypto asset a two different crypto exchanges ( inside & outside of South Korea). 

The newspaper also noted that it was an attempt to abuse the ‘kimchi premium’ or the gap in crypto prices in South Korean exchanges compared to exchanges outside the country.

According to the information shared by Korean Financial Supervisory Service, suspicious transactions of around $1.2 billion were carried out via the use of 11 branches of Shingan Bank, in between May 2021 to June 2022 time frame.

In late July of this year, investigation agencies also raided the local crypto exchanges of South Korea, to collect all necessary details about the transactions related to the Luna coin. In short, South Korea is still actively trying to figure out the responsible bodies behind the collapse of the Terra project.

Read also: MailChimp suspends its services for crypto-linked businesses

S Korean prosecutors arrested 3 people involved in the multi-billion crypto probe






Ads by Cryptonews24



🚀🚀Get ready for the biggest ICO of 2022.
✅ICO starts from August 16, 2022
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008

👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.

🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀

👩🏻‍💻For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain






In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat