Close Menu
Cryprovideos
    What's Hot

    Tether Invests in Shiga Digital To Help On-Chain Monetary Infrastructure in Africa

    June 6, 2025

    ETH Continues the Momentum as Nexchain Enters Stage 17 of Presale

    June 6, 2025

    Polymarket Proclaims Partnership with X

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»South Korean Police Bust Playing Den Behind Crypto Mining Entrance – Decrypt
    South Korean Police Bust Playing Den Behind Crypto Mining Entrance – Decrypt
    Crypto News

    South Korean Police Bust Playing Den Behind Crypto Mining Entrance – Decrypt

    By Crypto EditorApril 10, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    South Korean Police Bust Playing Den Behind Crypto Mining Entrance – Decrypt

    A crypto “mining farm” in Gwangju turned out to be a entrance for money-spinning of a unique form: unlawful playing.

    On Wednesday, South Korean police busted a makeshift gaming room that funneled over $95,000 (₩140 million) via unlicensed machines beneath the pretense of mining crypto.

    Gwangsan Police Station introduced that they’re investigating a person recognized solely as “Mr. A” for violating the Recreation Business Promotion Act, per a neighborhood media report.

    The suspect reportedly put in 50 modified gaming machines and two kiosks in an workplace in Gwangsan-gu earlier this month, operating the positioning beneath the guise of a digital foreign money change and mining operation.

    Following the bust, authorities confiscated the gaming gear and are increasing their investigation to determine potential accomplices.

    “Mr. A” allegedly modified a free cellular recreation, charging gamers $38 (₩50,000) per hour to play, and rewarded them with money primarily based on their scores.

    “We are going to actively block unlawful gaming facilities from reopening or spreading even after being cracked down on,” Chief Jeong Gyeong-ho stated after the raid.

    One other police official added, “We plan to repeatedly and strongly crack down on unlawful gaming rooms that threaten the individuals’s economic system.”

    South Korea’s playing crackdown

    South Korea has seen an increase in playing operations that use digital fronts, from crypto mining to faux funding platforms, to dodge detection.

    These setups typically seem legit on the floor however exploit the regulatory blind spots between gaming, crypto, and monetary providers.

    In November 2024, South Korean police arrested 12 operators and 191 gamblers related to a bootleg on-line betting community that dealt with greater than $7.77 million (₩108.4 billion) in wagers.

    The group reportedly used encrypted chat apps and unique invite-only recruitment to keep away from regulation enforcement scrutiny.

    And simply final week, authorities in South Gyeongsang arrested 18 people for operating unlawful on-line casinos from the Philippines, laundering over $169.5 million (₩250 billion).

    The operation lured gamblers via mass texts and web cafés, an instance of how international and tactical these shadow networks have turn into.

    Day by day Debrief E-newsletter

    Begin each day with the highest information tales proper now, plus unique options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Prime Crypto Presale Initiatives 2025: Nexchain, Web3 AI & BlockDAG

    June 6, 2025

    Finest Crypto Presale? Finest Pockets Token Raises $13 Million for Web3 Ecosystem – CryptoDnes EN

    June 6, 2025

    Breaking: Apple Exploring Crypto Integration

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025
    Latest Posts

    Bitcoin May Break The Greenback — $250K Prediction Nonetheless In Play, Billionaire Says

    June 6, 2025

    Bitcoin Layer 2: Ark

    June 6, 2025

    Might Labor Market Shock Overtake Inflation as Bitcoin’s Subsequent Macro?

    June 6, 2025

    New BTC Layer 2 ICO ‘Bitcoin Hyper’ Raises $500K – Finest New Cryptocurrency to Purchase?

    June 6, 2025

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Palantir Is Violating Its Personal Rules By Avoiding A Bitcoin Treasury

    June 6, 2025

    Michael Saylor’s Technique ups Bitcoin wager with $1B inventory providing

    June 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    South Korea's crypto market poised for change with new institutional tips

    January 8, 2025

    Finest Crypto Pockets Presale to Purchase Now: May This Be the Subsequent MetaMask?

    March 12, 2025

    Crypto Hackers and Rug Pullers Steal $71,021,500 in November With BNB Chain Rising Because the Prime Goal – The Every day Hodl

    November 28, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.