A 60-year-old fugitive was apprehended in Seoul on August 22, 2025, for allegedly masterminding a cryptocurrency fraud scheme worth approximately $13 million. The arrest occurred after the suspect was stopped by police for littering and attempted to bribe officers to avoid further questioning.
Investigations revealed that the fraud, which took place between 2018 and 2019, involved around 1,300 victims and amounted to 17.7 billion Korean won (approximately $12.6 million). This case underscores the persistent challenges of fraud and security within the cryptocurrency industry.
60-Year-Old Arrested in Seoul for $13 Million Crypto Fraud
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