A South Korean woman has been arrested for allegedly stealing a pal’s cryptocurrency value $480,000 (700 million gained) to repay her money owed. The incident came about after the girl met her sufferer by a chat app a number of months in the past.
On January 7, the girl allegedly stole her pal’s cellphone from their dwelling in Jeju Metropolis and used it to entry the sufferer’s crypto property. She offered the cryptocurrency for money and transferred the cash to her personal financial institution accounts.
The suspect fled the scene, however was rapidly tracked down after the sufferer reported the theft. Police arrested her on January 8 in Gomi, North Jeolla Province. The lady reportedly admitted that her motive was to repay money owed.
Authorities proceed to analyze the case. This follows earlier incidents in South Korea, the place people have been convicted of comparable crimes involving cryptocurrency theft. In December 2024, a South Korean banker was sentenced to fifteen years in jail for stealing $12.4 million from his employer, Woori Financial institution, to fund his cryptocurrency behavior.
Over a ten-month interval, the banker cast mortgage paperwork, diverted funds into his accounts and spent $10.4 million on crypto investments. Sadly, he misplaced $4.35 million on failed crypto ventures. The court docket ordered him to repay 10.52 billion gained ($7.3 million). Though $3 million value of property have been seized, the remaining $4 million is taken into account uncollectible. A
