Home
News
Details

South Korean Authorities Uncover $290K Counterfeit Cash Scheme to Buy Tether

iconBitcoinWorld
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
USDT
----
This is the logo of the coin.
BTC
$88,899.400.72%
South Korean authorities have arrested a group attempting to buy Tether (USDT) with $290,000 in counterfeit cash. The scheme was stopped before completion, with suspects now facing prosecution. The case shows how traditional fraud tactics are shifting toward crypto, raising concerns about the risk-to-reward ratio in unregulated trades. Investors focused on value investing in crypto should remain cautious about such on-ramp vulnerabilities.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.