A bunch primarily based in Thailand has been caught working a large-scale rip-off that stole over $15 million from lots of of South Koreans.
In keeping with a report by Korea JoongAng Each day, the rip-off concerned a variety of ways, together with romance-related fraud and faux cryptocurrency affords.
South Korea’s Seoul Metropolitan Police reported that 25 people linked to the rip-off have been arrested. Thai police additionally captured the group’s chief and eight others.
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They’re presently being held in Thailand whereas South Korean authorities work on bringing them again for trial.
The rip-off came about between July 2024 and July 2025. Almost 900 people have been misled into transferring cash by way of varied pretend platforms. Some have been advised they have been being compensated for private knowledge leaks, whereas others have been lured into pretend on-line relationships.
The group operated below the title “Lungo Firm” and was arrange like a enterprise, with completely different groups specializing in particular scams.
Inside their base in Pattaya, group leaders enforced strict management. Passports have been taken, telephones have been restricted, and nobody was allowed to go away. Members have been additionally skilled in how you can perform the scams, and those that carried out properly have been rewarded.
Thai police raided the resort in June and arrested a number of members. With assist from Seoul’s police drive, they later positioned and detained the important thing leaders. Lots of these already introduced again to Korea are below formal investigation.
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