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    Home»Crypto News»Russian nationwide arrested in South Korea for tried crypto theft
    Russian nationwide arrested in South Korea for tried crypto theft
    Crypto News

    Russian nationwide arrested in South Korea for tried crypto theft

    By Crypto EditorMay 27, 2025No Comments3 Mins Read
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    South Korean authorities have arrested one in all three Russian nationals accused of an tried theft throughout a pretend crypto deal in Seoul. The suspects allegedly lured Korean buyers to a resort, the place they tried to steal 1 billion gained (roughly $730,000) in money.

    The Gangseo Police Precinct in Seoul detained a person in his 20s in Busan on Might 27, in keeping with a report by native information outlet JoongAng Every day. The suspect faces prices of assault and tried theft. The opposite two suspects reportedly fled South Korea shortly after the incident.

    Based on investigators, the theft try occurred on Might 21 at a resort in Seoul’s Gangseo District. The suspects posed as members in a peer-to-peer crypto transaction and invited 10 Korean males to the resort.

    Two have been referred to as to the room whereas the others waited within the foyer. Contained in the room, the suspects — carrying protecting vests — ambushed the victims with a reproduction handgun and a telescopic baton, tying their arms with cable ties.

    Associated: One other suspect to give up in NYC crypto torture case: Stories

    Police seize weapons, launch international manhunt

    Per the report, one of many victims managed to flee and lift the alarm, prompting the suspects to flee with out the money. Police responded to an emergency name and located one man bleeding within the foyer.

    Officers found a cache of kit within the suspects’ resort room, together with a reproduction firearm, batons, vests and a cash counter. Police suspect the theft had been fastidiously deliberate.

    A request to forestall the suspects from leaving the nation was filed the subsequent morning, however two had already departed. “We have now requested help from Interpol to trace down the suspects who fled abroad,” a police official reportedly mentioned.

    Authorities at the moment are questioning the detained suspect and getting ready to hunt a pretrial detention warrant.

    Associated: Crypto investor loses $2.6M in stablecoins in double phishing rip-off

    Rise in crypto crime incidents

    The incident comes amid a current uptick in crypto-related violent crimes, together with kidnapping and ransom instances.

    A Manhattan crypto investor faces severe prices after allegedly kidnapping and torturing an Italian man in a bid to extract entry to digital belongings.

    Russian nationwide arrested in South Korea for tried crypto theft
    Supply: Mario Nawfal

    On Might 13, the household of Pierre Noizat, the co-founder and CEO of French crypto change Paymium, was focused in an tried kidnapping.

    In response, executives and buyers within the crypto business are more and more looking for private safety companies. On Might 18, personal agency Infinite Dangers Worldwide reported an increase in requests for bodyguards and safety contracts from high-profile figures within the crypto area.

    Journal: TradFi is constructing Ethereum L2s to tokenize trillions in RWAs: Inside story