Crypto Bust: South Korea Uncovers Gambling

South Korean Police Uncover Illegal Gambling Behind Crypto Mining Front

• Police in Gwangju discovered an illegal gambling operation disguised as a crypto mining farm.
• The operation funneled over $95,000 (₩140 million) through unlicensed gaming machines.
• A suspect installed 50 modified gaming machines and two kiosks in Gwangsan-gu.
• Players were charged $38 (₩50,000) per hour to play a modified mobile game for cash rewards.
• Authorities are intensifying efforts to combat illegal gambling operations using digital fronts.

The South Korean police dismantled a fake crypto mining setup that was actually an illegal gambling den, processing over $95,000 through unauthorized gaming devices. The crackdown is part of broader efforts to curb such illicit activities.