Per Woofun AI, the Criminal Investigation Department of the Seoul Police Agency has detained 23 suspects implicated in a money laundering network facilitating approximately $11.1 million in USDT transactions. Authorities allege the group laundered proceeds for a Cambodian criminal organization between February 2024 and April 2025 by leveraging roughly 11,300 accounts across domestic and international cryptocurrency exchanges.

The illicit activities encompassed approximately 265 instances of phishing and investment fraud, generating total illicit funds nearing $17 million. Law enforcement seized around 650 million won, equivalent to $430,000, in criminal assets. While the primary suspect remains at large under an Interpol red notice, police also apprehended 33 additional individuals for providing unauthorized currency exchange services via USDT to tourists and acquaintances.