Chinese crime ring arrested in South Korea laundered over $100 million worth of crypto

A Chinese crime ring that has been operating in South Korea was recently apprehended by law enforcement officials. This criminal organization was allegedly involved in sophisticated money laundering operations, successfully laundering over $100 million worth of cryptocurrency through various illicit channels and methods. Their activities not only highlight the growing crossover between technology and organized crime but also raise significant concerns regarding the effectiveness of regulatory measures on digital currencies. The arrest marks a significant development in the ongoing battle against financial crime, as authorities strive to tackle the complexities involved in tracking and prosecuting such illicit operations. source: https://www.coindesk.com/business/2026/01/19/chinese-crime-ring-arrested-in-south-korea-laundered-over-usd100-million-worth-of-crypto