South Korean Police Arrest 48 in ‘Crypto-powered Drug Trafficking’ Raids

29 November 2023

By Tim Alper | @tim-alper

Police in the South Korean city of Daegu say they have raided a “drug trafficking organization” that used crypto as a payment tool – and arrested 48 people.

Per Chosun Ilbo, the Daegu Police Agency’s metropolitan investigation unit arrested 44 people connected to a suspected “overseas drug sales organization.”

The group of arrestees included both “drug dealers and buyers,” police spokespeople said.

The same police agency charged another four individuals – apparently unconnected to the “organization” – with similar crypto-powered drug trafficking offenses.

Officers said an unnamed individual, identified for legal reasons as “A” (age 31), worked as the organization’s “general manager.”

Police added that the organization was “international,” and had operatives working abroad.

Nine people, including A, were remanded in police custody. The remainder were released on bail pending a prosecution service investigation.

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