A bunch primarily based in Thailand has been caught operating a large-scale rip-off that stole over $15 million from lots of of South Koreans.
In keeping with a report by Korea JoongAng Each 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.
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They’re at present being held in Thailand whereas South Korean authorities work on bringing them again for trial.
The rip-off occurred between July 2024 and July 2025. Almost 900 people have been misled into transferring cash by means of numerous pretend platforms. Some have been advised they have been being compensated for private information leaks, whereas others have been lured into pretend on-line relationships.
The group operated beneath the title “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 depart. Members have been additionally educated in find out how to perform the scams, and people who 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 situated and detained the important thing leaders. A lot of these already introduced again to Korea are beneath formal investigation.
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