A gang in South Korea has been sued for laundering $756.8 million through a fake cryptocurrency website

ChainCatcher news, according to the Korea Daily, the Busan Metropolitan Police Agency's Cyber Crime Investigation Team has filed a non-custodial prosecution against a gang, accusing them of laundering approximately 1.1 trillion won (about 756.8 million USD) through a fraudulent cryptocurrency trading platform used by illegal gambling websites. The gang is said to have profited around 10 billion won (about 6.88 million USD).

From January 2022 to September 2023, they operated five offices in South Korea, developed fake trading websites, and laundered money for 112 gambling sites. The police also arrested 80 minors involved in the case, some of whom were recruited using deepfake videos of celebrities.