South Korean Police Arrest ‘Multinational Gang of OTC Crypto Thieves’

by Lester White

OTC crypto crime appears to be like to be on the upward push in South Korea, where police say they’ve arrested a “multinational gang” who allegedly locked a lady in a automobile sooner than stealing money.
MBN reported that officers from Geumcheon Police Space in Seoul arrested six of us after “luring her” staunch into a bogus OTC (over-the-counter) “crypto transaction.”

OTC Crypto ‘Crime’ – Suspects Divulge Victim ‘Was once a Crypto Scammer’

Officers acknowledged the “gang” individuals consist of a South Korean man in his 30s and an Egyptian man in his 20s. Both had been arrested on charges of illegal confinement and aggravated theft.

A police spokesperson acknowledged the crew of six had been accused of “locking a Vietnamese lady in a automobile.”

Officers acknowledged the incident took location within the Gasan District of the capital Seoul at round 11 am on December 3, 2023.

The gang allegedly stole the woman’s cell mobile telephone, as smartly as a find “containing about $127,630” in money.

Officers say they left her locked within the automobile with no way of escaping. The suspects then proceeded to “soar the scene” the use of “every other automobile that they had willing.”

Nonetheless, police acknowledged they had been swiftly to respond, with officers “arriving within a minute of receiving an emergency name.”

Officers arrested three of us at the alleged crime scene. Police investigators arrested the opposite three suspected “gang” individuals later.

Nonetheless, the suspects agree with claimed that they – no longer the alleged sufferer – had been those on the animated pause of crypto fraud. The gang individuals reportedly advised the police:

“We’re the victims of a cryptocurrency scam. The lady we locked within the automobile is a offer person for the scam organizers.”

Law enforcement officers acknowledged that the crew has been launched on bail. They added that the prosecution provider is now dealing with their cases.

Geumcheon Police Space, Seoul. (Offer: hyolee2 [CC BY-SA 4.0])

Police Dealing With A pair of Cases

Police in conclude by Incheon also made six arrests in reference to a suspected $747,000 OTC swap on February 20.

This follows an arrest in Icheon, Gyeonggi Province, where a suspected pretend OTC trader reportedly ran off with a crypto buyer’s $10,700.

Police agree with warned the public that in-person OTC crypto trades are unhealthy. That remark they’ve famed a steep upward push in related crimes in recent months.

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