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Thai police have dismantled a $15 million Crypto Assets scam gang, with over 870 South Koreans affected.

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Golden Finance reports that the Thai police, in collaboration with the Economic Crime Investigation Division of the Seoul Metropolitan Police Agency in South Korea, successfully dismantled a criminal gang valued at 15 million USD. This gang defrauded over 870 Korean victims through various scams, including romance scams, Crypto Assets fraud, and false lottery compensation. Currently, the police have arrested 25 members of a scam gang named “Lungo Company” and detained 9 core members, including the main culprit, in Thailand, who are awaiting extradition back to South Korea. An expert described this case as a typical example of “multi-layered money laundering.”

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