Korean Prosecutors Freeze $48M Linked to Investment Fraud Scheme
Prosecutors used emergency civil procedures to halt outbound transfers.
By Mei Tanaka, Asia Bureau Reporter· May 22, 2026 at 8:58 AM· 4 min read
South Korean prosecutors on Wednesday froze approximately $48 million in crypto-assets linked to a multi-victim investment fraud scheme, using emergency civil procedures to halt outbound transfers from identified wallets at compliant exchanges.
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