South Korean Police on the Hunt for Ethereum Crime Ring Masterminds

[Tanimariya]

The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring.
The Seoul Metropolitan Police Agency launched a criminal investigation on June 12, leading to the search and seizure of two unnamed cryptocurrency exchanges. These efforts were enacted with the hope of dismantling an Ethereum (ETH) crime ring worth $41.5M.

According to Joongang Ilbo, the alleged crime network promoted its business model as a multi-level marketing scheme, or MLM. More than 1,500 people are believed to have sent their crypto assets to the scammers.
Read more info: https://cointelegraph.com/news/south-korean-police-on-the-hunt-for-ethereum-crime-ring-masterminds