South Korea has lost $2.3 billion to crypto scams in the last 2 years

Cryptocurrency-related crimes in South Korea have peaked nearly 2.7 trillion won (~$2.3 billion) over the past two years.

The Korea Herald reported the news on Sunday, citing data from the country’s Justice Ministry. Between July 2017 and June 2019, 132 crypto-related criminals and fraudsters have been indicted and detained, while another 288 have been indicted without physical detention.

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