According to Yonhap News Agency, the Seoul Police Department announced the arrest of a family crime syndicate that used an unregistered virtual asset exchange to launder money. Investigations revealed that the group, consisting of 19 members—mostly relatives—operated an unregistered virtual asset exchange business in Myeongdong, Seoul. They converted large amounts of cash obtained through telecom fraud into Tether (USDT) and transferred it overseas, with the estimated amount involved reaching hundreds of billions of Korean won. During the raid, police seized 4.05 billion won in cash, 1.5 billion won in silver beads, and 500 million won in gold bars, totaling approximately 6 billion won in criminal proceeds. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58369