South Korean Exchanges Involved in Laundering

[AIcash]

Data from South Korea’s Financial Supervisory Service shows Huione Guarantee, a Huione subsidiary, moved roughly 15.9 billion KRW ($12 million) in Tether (USDT) over three years. Bithumb processed the bulk of the transfers (14.6 billion KRW), followed by Upbit and Korbit. Authorities suspect the transactions are linked to kidnapping, human trafficking, and voice phishing operations in Cambodia.