Korean lawmaker: KOK fraud losses reach 2.58 trillion won, calls for FIU-investigator link
- —KOK losses estimated at 2.58 trillion won with about 570,000 victims
- —A wallet idle for 4 years and 9 months moved 2,602 ETH, some possibly converted to BTC
- —Lee demands tighter coordination between FSC oversight, FIU analysis and investigators
- —FSC chief Lee Ok-won pledged closer cooperation with the FIU on money laundering
Why it matters: The $1.9 billion KOK case remains Korea's largest crypto fraud; the ETH movement may point to organizers cashing out.
Source: TokenPost
More on this
Regulation · 11:11Korean lawmaker warns 63 trillion won has fled abroad, urges won stablecoin rules
Regulation · 16:07South Korea audit flags KOK $1.9B fraud: FIU cannot trace criminal funds
DeFi · Sep 28Ethereum staking hits 43.62M ETH as weekly net outflow reaches 128,754 ETH, APR steady at 2.58%