South Korea Police Probe Crypto-Funded Revenge-for-Hire Network
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South Korean police in Gyeonggi Province are probing a revenge-for-hire network allegedly paid in cryptocurrency; initially 3 suspected cases in early March have risen to 6. The group reportedly accepts crypto payments via social media to commission threats, slander, graffiti and vandalism, showing digital assets used to fund offline criminal services. The investigation raises security and regulatory risks for crypto adoption and payments, likely increasing scrutiny of exchanges/CEX/DEX and enforcement on illicit crypto use.
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- Dong-A Ilbo, Joongang Ilbo, and Kiho Ilbo reported a revenge-for-hire network paid in crypto.
- The group allegedly offers threats, slander, graffiti, and vandalism for set prices.
- Police in Gyeonggi Province are now investigating six suspected cases.
South Korean police are investigating a revenge-for-hire network that allegedly accepts crypto payments for harassment services. Authorities in Gyeonggi Province identified multiple cases, raising concerns about digital assets being used to fund offline intimidation and targeted attacks.
Police Investigate Crypto-Funded Revenge Network
Read The Full Article South Korea Police Probe Crypto-Funded Revenge-for-Hire Network On Coin Edition.
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