A gaggle based mostly in Thailand has been caught working a large-scale rip-off that stole over $15 million from a whole bunch of South Koreans.
In response to a report by Korea JoongAng Every day, the rip-off concerned a spread of techniques, together with romance-related fraud and pretend cryptocurrency presents.
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.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
What’s Aurora in Crypto? NEAR Protocol Token Defined (ANIMATED)
They’re presently being held in Thailand whereas South Korean authorities work on bringing them again for trial.
The rip-off passed off between July 2024 and July 2025. Practically 900 people have been misled into transferring cash by numerous faux platforms. Some have been instructed they have been being compensated for private information leaks, whereas others have been lured into faux on-line relationships.
The group operated below the identify “Lungo Firm” and was arrange like a enterprise, with totally different groups specializing in particular scams.
Inside their base in Pattaya, group leaders enforced strict management. Passports have been taken, telephones have been restricted, and nobody was allowed to go away. Members have been additionally educated in learn how to perform the scams, and those that carried out properly have 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 below formal investigation.
Just lately, the US Treasury Division introduced new penalties for a community concerned in promoting Iranian oil by digital forex channels. What did the company say? Learn the total story.
