25 arrested as South Korean police crack down on multiple crypto scam rings

Authorities in South Korea have arrested 25 people associated with multiple crypto scam rings. The fraudulent activities caused substantial financial losses, reaching approximately 734 million won (540,000 USD), as victims were misled by fake investment advisory services.

The investigation continues to uncover more potential victims while focusing on identifying higher-level operators involved in the scams. Officials are urging the public to remain vigilant about unsolicited investment advice and verify the legitimacy of investment platforms.

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