South Korean police officer charged in 509,200 USD crypto fraud probe

A police officer in South Korea has been charged following an investigation into a 509,200 USD crypto fraud. He reportedly misled around 10 victims with claims of guaranteed returns on crypto investments, prompting his suspension from duty.

This incident highlights the increasing trend of crypto crimes in Incheon, especially involving thefts related to USDT. Authorities have noted a rise in complaints and bogus trading deals in the area, raising concerns over cryptocurrency-related scams.

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