Two South Korean Police Officers Charged in $186 Million Cryptocurrency Money-Laundering Network

COINOTAG News, dated November 28, citing Solid Intel, reports that two South Korean police officers have been formally charged with accepting bribes and aiding in the operation of a cryptocurrency money laundering network valued at 250 billion won (approximately $186 million).

The allegations underscore intensified scrutiny of illicit crypto channels and the ongoing intersection of law enforcement with finance, signaling heightened vigilance around transaction tracing and asset recovery. Authorities say the case centers on the illicit network’s scale and its use of digital assets for layering and flow management. AML compliance remains a key priority for both public agencies and market participants.

For market participants, the development signals intensified regulatory risk in South Korea‘s crypto ecosystem, underscoring the need for rigorous due diligence and compliance protocols to curb bribery and illicit fund movements.