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South Korean Prosecutors Seize $3.2 Million Worth of Cryptocurrency in Illegal Forex Trading Investigation

Summary: According to Yonhap News Agency, South Korean prosecutors raided a group suspected of earning billions of Korean won in fees through unregistered forex operations, seizing 4.4 billion Korean won (approximately $3.2 million) worth of cryptocurrency, including Ethereum. The group is accused of engaging in illegal currency exchange over the past six years, profiting from transaction ...

According to Yonhap News Agency, South Korean prosecutors raided a group suspected of earning billions of Korean won in fees through unregistered forex operations, seizing 4.4 billion Korean won (approximately $3.2 million) worth of cryptocurrency, including Ethereum. The group is accused of engaging in illegal currency exchange over the past six years, profiting from transaction fees by receiving personal funds and using online payment platforms to recharge different currency accounts.

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