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South Korean Police Arrest Suspected OTC Crypto Thief
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South Korean police have arrested a man they suspect of stealing cash as part of a bogus over-the-counter (OTC) crypto exchange.
Per the broadcaster KBS, police officers in the town of Icheon, Gyeonggi Province, said they had arrested a man “in his 20s” on theft-related charges.
Officers said that the man “lured” a victim into believing the deal was a bone fide crypto transaction.
The man allegedly offered to sell the victim unspecified cryptoassets for the sum of around $10,700 in cash.
The duo reportedly arranged to meet at a public park in Icheon at 6am on January 4 to conclude the transaction.
Read more on cryptonews.comAbout this in other media
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South Korean Bankruptcy Court Judge Calls for More Crypto Regulation cryptonews.com /9 months ago
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