Search results for "GANG"
2026-03-30
07:51

A South Korean gang member who squandered $332,000 worth of other people’s Bitcoin was sentenced to eight years, on charges including fraud and money laundering.

The Busan District Court in South Korea sentenced a gang member to eight years in prison for embezzling $332,000 in Bitcoin from a friend and using it for illegal gambling. This case reflects the risks of cryptocurrency in fraud and money laundering, with regulatory and enforcement efforts continuously strengthening, and investors need to be cautious when dealing with digital asset transactions.
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BTC1,45%
23:44

South Korean police arrested 19 people on suspicion of laundering tens of millions of dollars through unregistered virtual asset exchanges.

South Korean police arrested 19 members of a fraud ring suspected of money laundering and seized approximately 6 billion won in criminal proceeds. The gang used an unregistered virtual asset exchange to convert fraud cash into USDT and transfer it overseas, with money laundering amounts reaching hundreds of billions of won.
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06:22

$6.9 Million Cryptocurrency Theft Case Sentenced: Singaporean Man Sentenced to Two Years for Involvement in Hacking Operation

A Singapore court sentenced a man to two years imprisonment after he was convicted of involvement in a cryptocurrency theft case that resulted in approximately $6.9 million in losses. The case stemmed from hackers illegally accessing crypto wallets and transferring assets. Police successfully identified and arrested gang members by tracing the flow of funds. Law enforcement stated that cybercrime remains active in the digital asset sector, and countries are strengthening cooperation to enhance security measures.
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08:00

Cryptocurrency payments driving crime? South Korea's "Private Revenge" gang busted

South Korean police have uncovered a group using cryptocurrencies for "private revenge," arresting multiple suspects involved in harassment and vandalism. The investigation revealed that the suspects received instructions via Telegram and were compensated with cryptocurrencies. Authorities are currently追查 the masterminds behind the operation and emphasize the need to strengthen regulation of encryption technology to prevent crime.
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17:29

Three men in France suspected of kidnapping a 74-year-old man to extort his son’s cryptocurrency assets, tortured him for nearly 16 hours, and released the hostage after realizing they had "caught the wrong person."

French police arrest three men for allegedly kidnapping and torturing a 74-year-old man in an attempt to extort $3.5 million in cryptocurrency from his son. The gang tortured the elderly man for nearly 16 hours and ultimately released him after mistakenly assessing the victim's son's financial situation. Currently, kidnapping cases related to cryptocurrency are gradually increasing in France.
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