================================================================================================ CASE 208 | Chinese National | January 20, 2025 | South Korea ================================================================================================ DATABASE RECORD id 208 date January 20, 2025 original_date January 20, 2025 year 2025 month 1 quarter 2025-Q1 victim Chinese National location Jeju, South Korea country South Korea scenario P2P Trade Gone Wrong description Gang of 6 people meet OTC trader in luxury hotel, assault and rob him of $580K in cash and crypto. kidnappings 0 violence_torture 0 drugs_alcohol 0 weapons 0 theft 1 life_taken 0 money_wanted $580,000 coin_type crypto reports CryptoNews notes OTC trader assaulted after 5 previous normal deals, several crypto taken has_processed_date 1 created_at 2025-11-13 05:44:45 (flag legend: 'kidnappings' is the DETENTION flag — 1 when the victim was held against their will at any point, tied, locked in, held at gunpoint or taken away; it is NOT the same as the 'Kidnapping' scenario, which means taken away and held. See README, Definitions.) AI SUMMARY [generated at bulk import, NOT verified against sources] **Victim:** Chinese National **Attackers:** Gang/organized group **Attack Method:** P2P Trade Gone Wrong **Violence Used:** Threats/intimidation **Crypto Stolen:** $580,000 in crypto **Status:** Investigation ongoing LINKED SOURCES [url] https://cryptonews.com/news/south-korean-police-arrest-gang-of-chinese-crypto-thieves-who-struck-high-end-hotel-guests/ NOTES ON THIS FILE * matched to sheet row 209: exact match on victim + year, unique on both sides ------------------------------------------------------------------------------------------------ ARTICLE 1 Source CryptoNews URL https://cryptonews.com/news/south-korean-police-arrest-gang-of-chinese-crypto-thieves-who-struck-high-end-hotel-guests/ Origin reported_K&R sheet, row 209, column "Articles" Length 2,474 chars ------------------------------------------------------------------------------------------------ S Korean Police Arrest ‘Gang of Chinese Crypto Thieves’ Who ‘Robbed High-end Hotel Guest’ Police South Korea Gang assaulted ‘crypto exchanger’ in Jeju and ‘stole $580k worth of coins,’ officers believe Author Tim Alper Last updated: January 20, 2025 S Korean Police Arrest ‘Gang of Chinese Crypto Thieves’ Who ‘Robbed High-end Hotel Guest’ South Korean police have arrested a “gang” of suspected Chinese crypto thieves accused of stealing around $580,000 worth of crypto from a guest at a luxury hotel. The South Korean news outlet Newsis reported that the Jeju West Police Station arrested six people on “special robbery” charges. Chinese Crypto Thieves Arrested at Airport Police think the gang struck a deal with another Chinese national who works as an unofficial “crypto and fiat currency exchanger.” Jeju police open a suitcase apparently filled with South Korean 50,000 won banknotes. Jeju police open a suitcase filled with what looks like South Korean 50,000 won banknotes. (Source: Jeju West Police Station) The “exchanger” agreed to sell the group an undisclosed amount of crypto for over $690,000 in cash as part of an over-the-counter trade. The group reportedly gave the “exchanger” cash on seven occasions, with the “exchanger” then transferring coins to their crypto wallets. However, in the early hours of January 16, police said, the gang traded more money for crypto. But during this deal, they claimed that they had not received coins from the “exchanger.” They then “assaulted” the “exchanger,” stole the cash they had given him, and “ran away” with both the cash and the crypto. The gang may also have stolen further crypto funds from the alleged victim’s mobile phone, police think. The alleged victim reported the incident to the police, who tracked the group down. Some members were found in another hotel room, with others at Jeju International Airport, seemingly preparing to flee the country. Jeju International Airport. Jeju International Airport. (Source: Bohao Zhao [CC BY 3.0]) Bogus OTC Trade? The police think the gang “conspired in advance” to steal the victim’s crypto by “deceiving him into thinking” they wanted to exchange it for cash. Officers say they are also investigating the “whereabouts of the cryptoassets stolen” from the alleged victim’s “mobile phone virtual currency wallet.” Jeju police released video footage of officers opening a suitcase apparently filled with bundles of South Korean 50,000 won bills. ------------------------------------------------------------------------------------------------ FETCHED ARTICLE 1 [AUTO-TRIMMED — UNREVIEWED] !! Furniture was cut by a script keyed on this case's record, not by a person. !! It may still carry passages about OTHER cases from a round-up article. !! The full page extract is kept in staging/ if a cut needs revisiting. Source cryptonews.com URL https://cryptonews.com/news/south-korean-police-arrest-gang-of-chinese-crypto-thieves-who-struck-high-end-hotel-guests/ Field url Retrieved 2026-09-05T12:49:06+00:00 via raw HTTP retrieval, deterministic extraction (HTTP 200) Language unknown Kept paragraphs headline [0] + 9-27 of 50 Length 2,143 chars Integrity sha256 48cd1010d211710b15bbe4868cc2c2efb333a77b7d0da54051198a5122e103b3 Trimmed AUTO-TRIMMED, unreviewed: kept paragraphs 9-27 plus headline [0]; dropped 8 leading and 22 trailing paragraphs. Case-term hits on page: 40. Caveat retrieved from a live page on the date above. Unlike text copied from the spreadsheet, there is no second copy to hash it against. ------------------------------------------------------------------------------------------------ ORIGINAL (unknown, verbatim as retrieved) South Korean Police Arrest ‘Gang of Chinese Crypto Thieves’ South Korean police have arrested a “gang” of suspected Chinese crypto thieves accused of stealing around $580,000 worth of crypto from a guest at a luxury hotel. The South Korean news outlet Newsis reported that the Jeju West Police Station arrested six people on “special robbery” charges. Chinese Crypto Thieves Arrested at Airport Police think the gang struck a deal with another Chinese national who works as an unofficial “crypto and fiat currency exchanger.” The “exchanger” agreed to sell the group an undisclosed amount of crypto for over $690,000 in cash as part of an over-the-counter trade. The group reportedly gave the “exchanger” cash on seven occasions, with the “exchanger” then transferring coins to their crypto wallets. However, in the early hours of January 16, police said, the gang traded more money for crypto. But during this deal, they claimed that they had not received coins from the “exchanger.” They then “assaulted” the “exchanger,” stole the cash they had given him, and “ran away” with both the cash and the crypto. The gang may also have stolen further crypto funds from the alleged victim’s mobile phone, police think. The alleged victim reported the incident to the police, who tracked the group down. Some members were found in another hotel room, with others at Jeju International Airport, seemingly preparing to flee the country. Bogus OTC Trade? The police think the gang “conspired in advance” to steal the victim’s crypto by “deceiving him into thinking” they wanted to exchange it for cash. Officers say they are also investigating the “whereabouts of the cryptoassets stolen” from the alleged victim’s “mobile phone virtual currency wallet.” Jeju police released video footage of officers opening a suitcase apparently filled with bundles of South Korean 50,000 won bills. XRP Price Analysis: Wealth Managers Show Growing Interest in XRP XRP Price Prediction: Ripple Edges Bitcoin In South Korea XRP News: Ripple Rallies on Fed Dovish Tone, $10 Dream Returns Where Could XRP Price Go This September as CLARITY Act Nears? ================================================================================================ generated from attacks-export-Gart-website.json + reported_K&R | case 208 ================================================================================================