South Korean Police Probe Counterfeit Cash Ring That Targeted Crypto Traders – Decrypt

Dec 20, 2025 - 01:30
South Korean Police Probe Counterfeit Cash Ring That Targeted Crypto Traders – Decrypt
In brief Police seized more than 9,000 counterfeit Korean won bills linked to in-person crypto trades. Three men were arrested last year and two have been indicted. Similar counterfeit-cash crypto scams have also occurred in Hong Kong. Police in South Chungcheong province are investigating a criminal group accused of manufacturing counterfeit Korean won bills and...

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