A tragic incident occurred on Jeju Island, South Korea, where a Chinese national was killed during a cryptocurrency transaction. Authorities have arrested four suspects who attempted to flee the scene.
Incident Details
On February 24, police found a Chinese man dead at a luxury hotel in Jeju City. It is believed that he was attacked during a cryptocurrency transaction. The crime is suspected to be tied to a digital currency exchange attempt.
Investigation and Arrests
On February 25, four Chinese nationals were arrested in connection with the crime. The suspects include a 30-year-old woman and two men aged 30 and 60. They allegedly killed a 30-year-old fellow citizen and fled with 85 million won. One suspect surrendered to police, and the others were apprehended at Jeju International Airport.
Previous Cryptocurrency Incidents in Jeju
Earlier in January 2025, Jeju police arrested a gang of six suspected of stealing roughly $580,000 in cryptocurrency from a hotel guest. The gang orchestrated a cash-for-crypto deal, assaulted the victim, and fled with both cash and digital assets, leaving behind clear evidence of the crime.
With the growing popularity of cryptocurrencies worldwide, incidents related to them have increased. South Korea is implementing cybercrime units to enhance security and market trust among participants.
