South Korean Police Probe Counterfeit Cash Ring That Targeted Crypto Traders

South Korean Police Probe Counterfeit Cash Ring That Targeted Crypto Traders

In brief Police seized more than 9,000 counterfeit Korean won bills linked to in-person crypto trades. Three men were arrested last year and two have been indicted. Similar counterfeit-cash crypto scams have also occurred in Hong Kong. Police in South Chungcheong province are investigating a criminal group accused of manufacturing counterfeit Korean won bills and using them to defraud cryptocurrency traders during in-person transactions.Accordin…

SEC Proposes FTX Insider Settlements: A Critical Step Towards Accountability in Crypto's Biggest Collapse

The crypto world is still reeling from the echoes of FTX‘s dramatic collapse, but late 2025 brings new developments in the complex legal aftermath. The U.S. Securities and Exchange Commission (SEC) has recently brought forward proposals for settlements with former FTX insiders, marking a crucial step towards resolving the monumental fraud case. This move signals a concerted effort by regulators to recover assets and establish accountability, pot…

SEC proposes FTX insider settlements, South Korean crypto counterfeit ring busted, Poland revives crypto bill

In this week’s edition of the weekly recap, the Securities and Exchange Commission (SEC) proposed settlement agreements for Sam Bankman-Fried’s former associates whose testimony secured his conviction. Additionally, law enforcement in South Korea dismantled a criminal operation using counterfeit currency…