$100M Underground Crypto Scheme Dismantled in South Korea

South Korean authorities have busted a crypto crime ring that moved about 150 billion won ($102 million) through WeChat Pay, Alipay, and overseas exchanges. The group converted digital assets into cash while disguising transactions as cosmetic surgery payments and student fees. Authorities have charged three suspects in connection with the scheme. Inside the South Korea Crypto Remittance Ring Investigators from the Korea Customs Service said the crypto crime ring ran quietly for about four years befor ...