South Korea Cracks Down on Corruption in Crypto Enforcement

The Seoul Southern District Prosecutors’ Office is looking into a police officer accused of taking bribes in connection with crypto cases.

The investigation, handled by the office’s Virtual Asset Crime Joint Investigation Unit, focuses on claims that the officer accepted money and favors while working on virtual asset cases at the Gangnam Police Station in Seoul. This raises questions about potential corruption within the police force, especially in cases involving cryptocurrencies.

On August 23, authorities searched the Gangnam Police Station where the accused officer is stationed. The Seoul Southern District Prosecutors’ Office, led by Chief Park, oversaw the operation.

Investigators from the Virtual Asset Crime Joint Investigation Unit went to the station’s investigation department to gather evidence related to the bribery allegations. The search is part of a larger investigation into the officer’s activities, examining whether he received illegal payments and goods in exchange for favors in virtual asset cases.

It is important to note that the Seoul Southern District Prosecutors’ Office, which does not usually have jurisdiction over the Gangnam Police Station, took charge of the search. This decision shows the seriousness of the allegations and hints at potential major legal consequences, given the officer’s position within the police force.

In response to the investigation, a police official from the Gangnam Police Station stated that they would cooperate fully with the defense office. The official assured that the police station would address the matter sincerely, indicating a commitment to transparency in the face of the serious allegations.

As the investigation progresses, further details are expected to emerge, shedding light on the extent of the alleged corruption and its impact on handling crypto-related cases in Seoul.

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