BlockBeats News, June 26th, According to Yonhap News Agency, South Korean prosecutors raided a group suspected of earning tens of billions of Korean won in fees through unregistered foreign exchange operations, and seized 4.4 billion Korean won (approximately $3.2 million) worth of cryptocurrency, including Ethereum. The group is suspected of engaging in illegal currency exchange over the past six years, receiving individual funds and using online payment platforms to recharge various currency accounts, profiting from transaction fees.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.