Two jailed in South Korea for $1M USDT phishing scheme

First seen 20 Jan 2026, 04:00 UTC • Bitget

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South Korean authorities have imprisoned two individuals involved in a voice phishing scheme that resulted in the laundering of $1 million in USDT. The operation exploited victims through fraudulent calls, leading to significant financial losses. The case highlights ongoing issues with cryptocurrency-related fraud in the region.

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Two jailed in South Korea for $1M USDT phishing scheme

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