🚨 Scam Victim Refunds: Police Freeze 12.2 Billion Won 🛡️

In a significant development, the police have successfully frozen approximately 12.2 billion won in funds linked to criminal activities within a suspended virtual asset exchange account. The frozen assets are now being used to provide refunds to 503 victims affected by scams.

The police highlighted that criminal organizations are increasingly using virtual asset exchanges to transfer ill-gotten gains overseas, as it has become more challenging to move such profits through traditional bank accounts. Unlike financial institutions, virtual asset exchanges lack a legal framework for facilitating quick refunds, making recovery efforts more complex.

This initiative serves as a step forward in protecting victims and combating fraudulent activities in the cryptocurrency space.

#ScamVictims #Refunds #CryptoSafety #Security 🚓💰🔐