South Korean police have arrested the leader of a cryptocurrency scheme who stole over 16 billion won, equivalent to about $15.6 million. The accused tried to avoid apprehension by altering his appearance through plastic surgery.
Arrest and Pursuit
According to a report by the Singapore-based media outlet The Straits Times, the suspect went on the run in September 2023 after failing to appear for a pre-trial hearing. He remained at large for ten months, attempting to evade capture by changing his appearance.
Attempt to Change Appearance
According to the Seoul Metropolitan Police Agency, the suspect underwent plastic surgery to alter the features of his eyes, nose, and the overall shape of his face, costing him about 21 million won, or around $16,000. In addition to the surgery, he also wore wigs to further disguise himself.
Other Crypto Crimes in South Korea
Crypto-related crime has kept South Korean law enforcement officials busy. Recently, Hugo Hyungsoo Lee, the CEO of Haru Invest, who was already facing charges for allegedly stealing more than $800 million, was stabbed multiple times by an attacker reported to be a customer of Haru Invest. Earlier this month, authorities charged an unnamed South Korean civil servant with embezzling over $400,000 from government funds to invest in cryptocurrency over seven years, beginning in January 2017.
South Korean police continue to actively work on combating cryptocurrency-related crimes. The case of the cryptocurrency scheme leader underscores the importance of international cooperation and the use of modern technologies in solving such crimes.
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