Three arrested for laundering $107.5M in plastic surgery fees via crypto

South Korean customs authorities have arrested a group for illegally transferring 148.9 billion won ($107.5 million) into the country from overseas using cryptocurrency, Yonhap News TV reported. The Seoul Main Customs office announced it has referred three individuals, including a Chinese national in his 30s, to prosecutors. The group allegedly operated for approximately four years, laundering funds by accepting payments in foreign currency from international clients for services like plastic surgery and tuition. They would then convert the funds into crypto before selling the assets for Korean won.