A bunch based mostly in Thailand has been caught working a large-scale rip-off that stole over $15 million from a whole lot of South Koreans.
In line with a report by Korea JoongAng Each day, the rip-off concerned a variety of ways, together with romance-related fraud and faux cryptocurrency affords.
South Korea’s Seoul Metropolitan Police reported that 25 people linked to the rip-off have been arrested. Thai police additionally captured the group’s chief and eight others.
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They’re presently being held in Thailand whereas South Korean authorities work on bringing them again for trial.
The rip-off befell between July 2024 and July 2025. Practically 900 people had been misled into transferring cash via numerous pretend platforms. Some had been instructed they had been being compensated for private knowledge leaks, whereas others had been lured into pretend on-line relationships.
The group operated beneath the identify “Lungo Firm” and was arrange like a enterprise, with completely different groups specializing in particular scams.
Inside their base in Pattaya, group leaders enforced strict management. Passports had been taken, telephones had been restricted, and nobody was allowed to depart. Members had been additionally educated in perform the scams, and people who carried out effectively had been rewarded.
Thai police raided the resort in June and arrested a number of members. With assist from Seoul’s police pressure, they later positioned and detained the important thing leaders. Lots of these already introduced again to Korea are beneath formal investigation.
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