South Korean police arrest 23 USDT money laundering suspects, involving $11.1 million According to The Block, the Criminal Investigation Department of the Seoul Metropolitan Police Department in South Korea has arrested 23 suspects suspected of money laundering for a Cambodian criminal organization, involving an amount of approximately 16.8 billion Korean won (approximately 11.1 million US dollars). The gang transferred approximately $11.1 million in illegal funds by purchasing USDT and trading it on domestic and international cryptocurrency exchanges between February 2024 and April 2025. They used about 11300 accounts for money laundering and were involved in approximately 265 phishing and investment fraud cases, with a total of approximately $17 million in stolen funds. The Seoul police have seized approximately 650 million Korean won (about 430000 US dollars) of criminal proceeds from suspects, but the gang leader is still at large and has been issued a red notice by Interpol. The police also arrested 33 individuals on the same charge for illegally providing currency exchange services to tourists and acquaintances through USDT.