South Korean Court Confirms $110M Crypto Arbitrage Scheme Across 416 Transfers

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According to Suwon District Court's ruling on June 25, 2025, a defendant illegally exploited price differences between Chinese and Korean cryptocurrency exchanges. The defendant purchased Ethereum and other digital assets on a Chinese exchange, transferred them to domestic exchange accounts, and profited from the price differential. Court documents reveal the scheme involved 416 wire transfers totaling approximately 139 billion Korean won (approximately $110 million USD).
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