PANews January 19 News, according to Yonhap News Agency, the Seoul Customs Office recently uncovered a gang involved in illegal foreign exchange transactions using domestic and overseas cryptocurrency accounts, with a case amounting to 148.9 billion KRW (approximately $1.13 billion). The gang collected payments via WeChat Pay and Alipay, then purchased overseas cryptocurrencies to transfer into local wallets and cash out, allegedly violating the Foreign Exchange Transactions Act. Three suspects include a Chinese male in his 30s. Their business activities cover trade, studying abroad, medical aesthetics, and other fields, even recruiting clients by exchanging currency for surgical fees. The case has been handed over to prosecutors for processing.
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