South Korean police arrest 23 individuals in $11 million USDT laundering case: report
The Block·
60-second summary
South Korean police are arresting 23 individuals involved in an $11 million USDT laundering case, with funds allegedly moved from February 2024 to April 2025 through USDT purchases and exchange trades. The group's activities have been uncovered, and the arrests are a significant step in combating cryptocurrency-related crimes in South Korea's growing market.
From February 2024 to April 2025, the group allegedly moved $11.1 million in illegal funds by purchasing USDT and trading on exchanges.