According to Yonhap News Agency, the Seoul Police Department announced the arrest of a family criminal gang that used unregistered virtual asset exchange services to launder money. The investigation revealed that the organization had 19 members, mostly relatives, who operated unregistered virtual asset exchange business in Myeongdong, Seoul. They converted large amounts of cash obtained from telecommunications fraud into Tether (USDT) and transferred it overseas, with the suspected amount estimated to reach hundreds of billions of Korean won. During the search, police seized approximately 6 billion Korean won in total criminal proceeds, consisting of 4.05 billion Korean won in cash, 1.5 billion Korean won in silver bars, and 500 million Korean won in gold bars.