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Crypto Fraudsters Bait Victims with Promises of Free ETH and Rolex Watches


The ringleaders of a South Korean crypto fraud ring that sucked victims in with promises of Rolex watches and etheruem (ETH) giveaways have been sentenced to jail. Money Today reported that three individuals were sentenced at a branch of the Seoul Central District Court’s Criminal Division...

South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets


Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses the Bitcoin Lightning Network which is said to be suitable for “high volume, low-value transactions.”...

S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters


South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims. MBN Money reported that the Incheon Metropolitan Police Agency explained that it had arrested three men...

South Korean Public Official ‘Used Bribes to Buy Crypto,’ Police Claim


Yet another South Korean government worker appears to have used ill-gotten gains to fund their crypto cravings: After reports that a public official fled abroad with $2.8 million worth of stolen public funds that has been converted to crypto, it has emerged that another former official may have...

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