Police Investigation

South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud

<div class=”featured_image_container”> </div> <strong>Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors.</strong> Masterminds Could Have Defrauded Over 40,000 People According …

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Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages

<div class=”featured_image_container”> </div> <strong>A massive police operation took place in Istanbul, Turkey, against a Chinese gang’s crypto scam. Authorities found that criminals kidnapped 101 people and forced them to run scam operations.</strong> Scammers Tricked Hostages by Promising Them Work in a Legit ‘Crypto Investment Consultancy’ According to Demirören Haber Ajansı, Istanbul police cracked down a …

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South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives

<div class=”featured_image_container”> </div> <strong>In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation.</strong> Coinbit’s Executives Formally Charged by South Korean Authorities According to Newspim, the 5th Investigation Team of the Seoul …

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