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

Two senior South Korean police officers have been indicted for their involvement in a massive cryptocurrency laundering scheme involving an estimated $186 million, according to the Suwon District Prosecutor’s Office. The officers allegedly accepted bribes from a crypto operator, facilitating illicit transactions involving USDT stablecoin. This high-profile case underscores concerns about institutional corruption within South Korean cryptocurrency markets and raises questions for regulatory measures in response.