South Korean police say they’re trying to find a suspect accused of stealing 240 million gained ($167,000) in money throughout a USDT OTC (over-the-counter) commerce.
Per the South Korean information company Yonhap, the incident allegedly passed off on February 21 within the metropolis of Incheon.
USDT OTC ‘Theft’ – Police Looking for Suspect
Talking on February 23, officers at Incheon Seobu (West) Police Station stated that the “thief” organized to satisfy the “sufferer” on the primary flooring of a business constructing in West Incheon’s Seoknam District.
The unnamed “sufferer” was described as a person in his “thirties.” Police stated the “sufferer” responded to a “put up in a KakaoTalk open chatroom” from a vendor providing to “promote USDT cash” at a low worth.
Officers stated the “sufferer” and the suspect exchanged chat messages through the app and finally organized to satisfy.
Police Uncertain of Suspect’s Nationality
The suspect allegedly advised the “sufferer” that they might switch the cash to the previous’s pockets after which take the money as cost. Nevertheless, the “sufferer” defined:
“I put the money on the ground in a paper bag to finish transaction. However whereas I used to be wanting away for a second, [the suspect] ran away with it.”
The police stated that they believed that the suspect got here from a “Central Asian nation,” however admitted they didn’t know precisely what the suspect’s “nationality” was.
A police official advised the media that investigators have been trying to find the suspect for alleged “theft”-related offenses.
Nevertheless, they added that they might not determine on “particular expenses” till they’d “arrested” the suspect.
On February 23, Cryptonews.com discovered a number of posts in crypto-related KakaoTalk open chatrooms from people saying they needed to swap cash for money as a part of in-person offers.
South Korea has scaled down its plans for nuclear energy after the impeachment of President Yoon Suk Yeol, an atomic power advocate, gave the opposition social gathering better affect over the nation’s long-term power coverage. https://t.co/qacOeymrcK
— Bloomberg (@enterprise) February 21, 2025
USDT – In style in and Round Seoul?
USDT-related OTC thefts look like on the rise in South Korea, significantly in Incheon and close by areas.
In Could final yr, 4 males pleaded responsible to stealing some $735,000 from a USDT OTC purchaser in an analogous case.
Law enforcement officials have alleged that “violent gangs” which might be “energetic in Incheon” are more and more attempting to focus on unsuspecting native crypto merchants.
The recognition of crypto is rising quick in Incheon and different cities near the South Korean capital, Seoul.
Kim (first title withheld), a resident of Ilsan in Gyeonggi Province, advised Cryptonews.com:
“Virtually everybody I do know both has an curiosity in crypto or is actively buying and selling cash now. There’s quite a lot of discuss stablecoins these days, particularly USDT.”
The put up South Korea: USDT OTC ‘Thief’ ‘Runs off With $167,000 in Money’ appeared first on Cryptonews.