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Crypto Scammer's $16K Makeover Fails to Prevent Arrest in South Korea
Last Updated: August 30, 2024
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Key Takeaways
- A crypto scammer was arrested in South Korea despite spending $16K on plastic surgery and disguises to avoid capture;
- The suspect allegedly defrauded investors of over $15.6M and evaded authorities for nearly ten months;
- Law enforcement identified and arrested him through detailed analysis of surveillance footage, phone records, and his internet search history.
A fugitive accused of orchestrating a multimillion-dollar crypto scam has been arrested despite going to extreme lengths to change his appearance with expensive plastic surgery and disguises.
The man, whose name has not been disclosed, had been on the run for nearly ten months after failing to attend a scheduled pre-trial hearing.
As reported by The Straits Times, a Singapore-based media outlet, he allegedly led a crypto scheme that defrauded investors of over 16 billion won, or about $15.6 million.
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During his time on the run, he underwent extensive plastic surgery, spending around 21 million won (approximately $16,000) to change his facial features, including his eyes, nose, and overall appearance. He also used wigs to further disguise himself.
Despite these efforts, law enforcement was able to track him down by analyzing evidence such as surveillance footage, phone records, and his internet search history. This thorough investigation confirmed his identity, leading to his arrest.
This case illustrates the extreme measures some will take to avoid justice, but it also demonstrates the determination of authorities to bring such individuals to account.
In other news, Montenegro's Appellate Court confirmed on August 1 that Do Kwon, co-founder of Terraform Labs, will be extradited to South Korea.
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