25 Arrested in South Korea for Coordinated Crypto Scam Targeting Retail Investors

South Korean authorities have made significant progress in their crackdown on crypto fraud, arresting 25 individuals connected to coordinated investment scams. These schemes targeted retail investors, using deceptive tactics and posing as legitimate firms. The suspects operated under false pretenses, directing victims to fraudulent exchanges and manipulating dashboards to falsely portray gains, ultimately disappearing with an estimated $540,000 in victim funds.