South Korea Cracks Down on Multiple Crypto Scam Groups Posing as Investment Experts
May 15 news, South Korea has dismantled several fraud groups that disguised themselves as investment experts, luring victims to invest in cryptocurrency with promises of high returns. It is reported that these groups operated in residential-office complexes in Incheon from June 2023 to April 2025, stealing a total of 730 million Korean won (approximately 522,000 USD). These fraudulent activities were carried out by well-structured teams, including a mastermind, team leaders responsible for training and communication, and telephone customer service contacting victims. They operated scam communities through phone calls and social media to defraud funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A $5 billion single-product emerges? JPMorgan maintains a "Neutral" rating on Amgen (AMGN.US): A good drug doesn't necessarily mean a good buying opportunity.
Amgen's Imdelltra has maintained data with an HR of 0.42, nearly doubling survival time. Morgan Stanley estimates that it will become a single product with annual sales of around 5 billions USD. However, they maintain a Neutral rating and a target price of 350 USD.
Goldman Sachs: Yen Regains "Safe Haven King" Status, Becomes Most Effective Tool to Hedge Against AI Market Shocks
Goldman Sachs stated that the Japanese yen has become a better tool for hedging against AI shocks, with policy shifts reducing the risk of depreciation. The bank recommends shorting USD/JPY and EUR/JPY.
Crypto prices
More
