USDT OTC ‘Thieves’ Arrested in South Korea’s Gangnam District
Police in Gangnam, an affluent district of Seoul, South Korea, have arrested 10 people accused of stealing money in a bogus USDT OTC trade.
Per Maeil Kyungjae, police say a “gang” lured a “victim” into a street in the Yeoksam Neighborhood.
Officers said the gang told the “victim” and associates they would sell USDT tokens for a discount price.
Police said the incident took place at 12:42 AM on March 21. The parties appear to have met online and agreed on a price of just over $74,000 for an undisclosed amount of USDT tokens.
Officers said the “gang” met the “victim” and a group of the latter’s friends and asked to count the cash.
While pretending to count the banknotes, the “gang” allegedly assaulted the “victim’s group” and ran away with the money – without transferring any coins.
Police said they arrested three suspects who fled in a vehicle “near the scene of the crime.”
Four other people escaped “using another vehicle,” police said, and were arrested on the same day in Anseong, Gyeonggi Province.
Two other suspects appear to have escaped to the southern port city of Busan, where local police arrested them.
The alleged ringleader who police said “planned the crime and recruited accomplices” was arrested four days later, “on the night of March 25, in Cheonan, South Chungcheong Province.”
Police said on April 1 that their investigation “determined” that the gang’s members originally planned their raid in Busan.
The gang may have had other crypto-keen targets, police said, with some members tasked with “identifying and winning over” crypto traders.
Police said they had confiscated around $37,000 in cash, as well as “a gold necklace worth some $4,750.”
Officers said the gang had used the stolen money to purchase the necklace. The
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