😂 Unveiling the Crypto Crime Busters of Seoul! 😂

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In a manner most befitting the times, the Seoul Southern District Prosecutors’ Office has, with great Ă©clat, established a society of sorts—a most peculiar society, I dare say!—devoted exclusively to the unravelling of crypto-related misdemeanours and the most dastardly frauds!

By the by, this curious conclave, as reported by Aju News, goes by the rather long-winded appellation of the Seoul Southern District Prosecutors’ Office-run Joint Investigation Unit, or JIU for Virtual Asset Crimes. A mouthful, is it not?

This merry band, consisting of a modest thirty-five souls, is a potpourri of prosecutors and financial regulators, hailing from the esteemed Financial Services Commission and the Financial Supervisory Service. At their helm is the redoubtable Chief Prosecutor Park Geon-wook, flanked by two valiant deputy chief prosecutors.

Once a mere temporary task force, birthed in the year of our Lord 2023 to combat the burgeoning beast of crypto-related fraud, this intrepid group has now been elevated to the status of a formal joint investigation department, owing to the relentless march of crypto-related shenanigans across the land.

Since its inception in July of the aforementioned year, this doughty South Korean crypto crime taskforce has brought to justice a whopping seventy-four miscreants, with a further twenty-five receiving the firmest of reprimands for their involvement in such ungentlemanly practices as coin fraud and market manipulation.

“As virtual asset-related crime methods become ever more cunning and international in scope,” declared a prosecution official at the grand launching ceremony, “we shall, with the utmost vigilance and cooperation, forge an effective response to such villainy!”

Last December, the task force apprehended a most unscrupulous CEO, who had, through the darkest of arts, amassed a fortune of 7 billion won ($4.8 million) by manipulating crypto prices. They also ensnared a notorious shaman, Jeon Seong-bae, and unraveled the web of deceit surrounding the so-called “Queen B” coin.

In a tale most grim, as previously recounted by crypto.news, a Chinese gentleman met his untimely end during a cryptocurrency transaction in Jeju. The villains, it is said, made off with a sizeable sum of 85 million won ($63,500), leaving the poor victim quite out of pocket.

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2025-02-28 12:26