TLDR Tech / Crypto
South Korean Police Arrest 23 in $11 Million USDT Laundering Case
South Korean authorities have arrested 23 individuals suspected of laundering $11.1 million between February 2024 and April 2025 by repeatedly purchasing USDT on cryptocurrency exchanges to obscure the origin of illicit funds. Since the Virtual Asset User Protection Act took effect in July 2024, crypto-related prosecutions have increased in South Korea. USDT frequently appears in regional cases due to its broad exchange accessibility and dollar-pegged stability across jurisdictions.
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