South Korean Crypto Exchange Execs Arrested Amid USD 2B Fraud Fears
Police in South Korea said they fear that the crypto exchange V Global could be at the center of a fraud network that has sucked in some USD 2bn, as investigations into the platform intensify and police officers raided the exchange’s offices. Per Seoul Shinmun and Hankook Ilbo, police claim that some 52,000 customers may have been affected. They have been investigating the