South Korean police say they’re attempting to find a suspect accused of stealing 240 million received ($167,000) in money throughout a USDT OTC (over-the-counter) commerce.
Per the South Korean information company Yonhap, the incident allegedly came about on February 21 within the metropolis of Incheon.
USDT OTC ‘Theft’ – Police Trying to find Suspect
Talking on February 23, officers at Incheon Seobu (West) Police Station stated that the “thief” organized to fulfill the “sufferer” on the primary ground 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 “submit in a KakaoTalk open chatroom” from a vendor providing to “promote USDT cash” at a low value.
Officers stated the “sufferer” and the suspect exchanged chat messages through the app and ultimately organized to fulfill.
Police Uncertain of Suspect’s Nationality
The suspect allegedly advised the “sufferer” that they’d 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 trying 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 had been attempting to find the suspect for alleged “theft”-related offenses.
Nevertheless, they added that they’d not determine on “particular prices” 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 wished 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 vitality advocate, gave the opposition celebration higher affect over the nation’s long-term vitality coverage. https://t.co/qacOeymrcK
— Bloomberg (@enterprise) February 21, 2025
USDT – Well-liked in and Round Seoul?
USDT-related OTC thefts look like on the rise in South Korea, significantly in Incheon and close by areas.
In Might final yr, 4 males pleaded responsible to stealing some $735,000 from a USDT OTC purchaser in an identical case.
Law enforcement officials have alleged that “violent gangs” which are “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 identify 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 a number of speak about stablecoins these days, particularly USDT.”
The submit South Korea: USDT OTC ‘Thief’ ‘Runs off With $167,000 in Money’ appeared first on Cryptonews.