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The South Korean Court imprisoned two Vietnamese nationals using Tether (USDT) Powering the cross -border scheme washing money.
The Duo used Stabnecoin with a USD impact to smuggle funds raised from the fraud of phishing in overseas.
USDT Ring of money washing: defendants imprisoned for two years
South Korean Financial reports reported that the criminal division of the chairman of the District Court in Seoul Lee Jeong-Hyeong condemned the duo for two years in prison 22 June.
The defendants were identified as a university student nicknamed Duong (23) and the unemployed individual name PHAM (also 23).
The court found that both individuals for breach of a special law on the prevention of telecommunications and financial fraud and return of damages.
The prosecutors explained that Duong and Pham made contact with the fraudulent ring of voice phishing for the first time last October.
The ring hired both telegram open chat room. The organizers of the ring said Duong and Pham that they were supposed to obtain revenues from fraud in phishing in Korean.
The duo was then instructed to use this money to buy USDT, which they then sent to a Crypt He held a member of the voice phishing gang who lived in Vietnam.
The ring paid the Duong and Pham fees of 50,000 winners ($ 36.44) to $ 100,000 ($ 72.88) for 10 million winners ($ 7,288) worth USDT.
“Hash sentence inevitable,” explains the judge
The court heard that the voice phishing ring managed to dup with the victims of South Korea from thousands of dollars in cash.
The employees of the ring called people who pretended to be credit card delivery, employees of insurance companies, employees of national tax services and even prosecutors.
They usually said the potential victims that they were calling to check the security of their bank accounts.
The ring used a number of money laundering techniques using other participants from Uzbekistan and Vietnam.
The judge stated that the court had not issued a harder punishment, because none of the defendants had crimes in South Korea. But Lee added:
“Although the defendants did not claim crime, they must be seriously punished. They played a crucial role in a crime and acted as intermediaries. They also did not invent any special effort to help compensate the victims for the damage incurred.”
The USDT -related crime grows in South Korea because the popularity of the coin in the nation continues to grow. This year has saw a sharp increase in false offers with USDT and related theft motifs.
Contribution South Korean court prison two members of the cross -border ring for washing money He appeared for the first time Cryptonews.
