Scammers falsely guaranteed 70% profits on an investment of 1 billion South Korean won within a month and stole 5.5 billion won in six different transactions.
South Korean police have caught a pair of fraudsters who stole 5.5 billion won ($4.1 million) from a senior citizen with the promise of profitable crypto investments.
The Haeundae Police Station in Busan, South Korea, detained two individuals in their 20s and 30s for deceiving a senior citizen and stealing 5.5 billion South Korean won spread across multiple transactions.
According to a local report, the victim was promised high returns on cryptocurrency investments between September 2022 and December 2022.
