Joint Team for Virtual Assets Seizes 141 Billion Won in Crackdown
CryptoNewsTerminal Staff04 Aug, 2024
Joint Team for Virtual Assets Seizes 141 Billion Won in Crackdown
The Joint Investigation Team for Virtual Assets (Joint Team) has made significant progress in its crackdown on virtual asset-related crimes, seizing or confiscating approximately 141 billion Won over the past year. The team has also indicted 40 people in connection with these crimes. The Joint Team was established in the Seoul Southern District Prosecutors' Office to investigate and prosecute virtual asset-related crimes, such as fraud, money laundering, and tax evasion. The team has been working closely with other law enforcement agencies, including the Financial Supervisory Service and the National Tax Service, to identify and target criminal activity in the virtual asset market. The seizure of 141 billion Won is a significant accomplishment for the Joint Team and demonstrates the government's commitment to combating virtual asset-related crime. The team's efforts have helped to protect investors and ensure the integrity of the virtual asset market.
