South Korea’s Crypto Arrest Rate Soars in H1 2024: A Major Warning Sign

Cryptocurrencies have fueled innovation, but they also expose the market to increasing risks. Data shows a startling increase in crypto-related arrests within South Korea during the first half of 2024. This alarming surge indicates a dramatic rise in digital asset-related crime across the nation. Experts attribute this rise to scams like deposit-taking schemes, where perpetrators promise unrealistic returns and lure victims into investments with little to no legitimate chance of success.