South Korean Police Alleged to Be Involved in $1.86 Billion Cryptocurrency Money Laundering Scheme

Two South Korean police officers are facing accusations of participating in a massive cryptocurrency money laundering scheme involving over $1.86 billion (2.496 trillion Korean Won). Prosecutors allege the officers accepted bribes from an illegal cryptocurrency exchange and utilized their positions to assist criminal networks, including providing investigative intelligence, unfreezing accounts, introducing lawyers, and connecting them with other law enforcement personnel in exchange for financial compensation.