Group accused of attempting to buy Tether with $290K in fake bills

A group of individuals has been referred to South Korean prosecutors for allegedly attempting to purchase the stablecoin Tether with 400 million won (around $290,000) in counterfeit banknotes, News1 reported. The suspects are accused of an unsuccessful attempt to trade bundles of fake 50,000 won bills for the cryptocurrency in front of Cheonan-Asan Station in the city of Asan.