South Korean Police Officers Indicted in $186 Million Crypto Laundering Scheme

Two South Korean police officers, including a chief, have been charged with accepting bribes to aid a crypto-laundering network. The alleged operation involved a ₩250 billion ($186 million) scheme that exploited a disguised gift voucher shop in Seoul for illicit activity. Authorities report freezing over $1.1 million linked to this case. This indictment marks a significant development in the escalating fight against cryptocurrency crime and sheds light on potential vulnerabilities within law enforcement integrity regarding crypto-related offenses.