Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’

by Adolf Balistreri

An escaped South Korean prison suspect reportedly stole nearly $362,000 value of revenue an armed theft on an OTC crypto buyer.

Per Law TV Files, police snarl the suspect – aged in his 40s – “lured” a victim to Seoul’s prosperous Gangnam District sooner than stealing the money.

Escaped South Korean Prison ‘Had Support from Others’

The Ministry of Justice mentioned on April 17 that the suspect became being held at the Seoul Detention Middle on fraud charges.

The heart allowed the suspect to head away in November 2023 to support his father’s funeral. Nonetheless the suspect dilapidated the chance to interrupt out, and failed to return as agreed. Police had been procuring for the person ever since.

70100375faa15e115c70dc6297b1cce60198cbb9Seoul Detention Middle. (Source: KBS Files/YouTube)

Officers mentioned the suspect “lured the victim to Gangnam,” announcing that he “would promote” an unnamed cryptoasset for “more cost effective than the market mark.”

The alleged victim got right here to the district “on the morning of April 11” hoping to complete the OTC deal, police mentioned.

Nonetheless as a change of transferring any crypto, the suspect allegedly “brandished a blunt weapon” sooner than taking the money and “running away.”

Police managed to title the suspect the usage of proof they gathered from the scene, and “a background test helped drag the arrest.”

A police spokesperson confirmed they had also arrested “a man in his 40s and a girl in her 30s” who they deem helped the suspect destroy out.

The spokesperson confirmed that officers had “recovered many of the stolen cash.”

Police added that investigators had been “tranquil investigating the diminutive print of the incident.”

The South Korean won is now doubtlessly the most traded currency against cryptoassets globally with speculative inquire for unstable tokens within the nation surging

— Bloomberg (@replace) April 16, 2024

OTC Crypto Crime on the Rise in South Korea

The form of OTC crypto-connected crimes has ballooned in South Korea this yr. In February, six of us had been arrested in a suspected OTC theft in Incheon.

In January, officers arrested a man in Icheon, Gyeonggi Province, on identical charges.

And officers mentioned they arrested a gang of “OTC thieves” who also allegedly preyed on a victim within the Gangnam District earlier this month.

Police reported that one other OTC crypto theft incident took contrivance in Geumcheon in slack February this yr.

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