CoinOtag
2025-12-19 16:30:58

South Korean Probe Uncovers Counterfeit Won Scheme Targeting Crypto Traders

A criminal group in South Korea printed fake 50,000-won bills using a color printer to defraud cryptocurrency traders during face-to-face deals, leading to the seizure of over 9,000 counterfeit notes worth about $330,000. The scam highlights risks in informal crypto trades. Suspects contacted crypto holders online to arrange in-person exchanges, passing off low-quality fakes as [...]

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