TechFlow news — On November 7, according to Cryptonews, South Korean police cracked a large-scale Bitcoin mining fraud case after the scam group mistakenly targeted a police detective. A total of 81 individuals were involved.
In April this year, an investigator from the Southern Gyeonggi Police Agency's mobile crime unit received a scam call. The officer cleverly pretended to fall for the scam and provided bank account details to assist in the investigation. Using this information, police successfully traced the operation to its alleged "headquarters" in Incheon.
On November 6, authorities announced the detention of nine suspects, including the ringleader of the group. Seven others, charged with similar offenses, were released on bail. Additionally, four individuals were detained for supplying SIM cards under fake foreign identities, 27 were indicted but not detained on related charges, and 33 were arrested for violating personal data protection laws.
According to police, the gang leader, surnamed K, is suspected of defrauding 50 victims by falsely promising guaranteed profits through pooled investments in Bitcoin mining equipment—a scheme that turned out to be a meticulously planned scam.
