Crypto-linked unregistered FX trading busts reach $8.4B since 2018

Crypto-linked unregistered foreign exchange trading detected over the past eight years and seven months totaled 12.14 trillion won ($8.4 billion) across 91 cases, Digital Asset reported. Data that lawmaker Park Soo-young of the People Power Party received from the Korea Customs Service showed that digital asset-based illicit remittances from 2018 through July 2026 amounted to 12.1407 trillion won in 91 cases. Overall, authorities detected 177 illicit remittance cases worth 18.0297 trillion won, meaning digital assets accounted for 51% of cases and 67% of the total amount.