Here is a concise headline based on the provided content: “10B Won Crypto Fraud: 130 Indicted in South Korea”

South Korean prosecutors charged 130 individuals involved in a cryptocurrency scam, stealing 10.1 billion won (approximately $6.9 million) from 254 victims.

38 scammers were arrested and charged with participating in a criminal group.
92 others were indicted without arrest for fraud and telecom fraud law violations.
The scheme included seven call centers luring victims into fake crypto investments.
Eight individuals were linked to larger criminal organizations.

Prosecutors have frozen 1.2 billion won and are working with the Incheon Metropolitan Police Agency to locate hidden assets.

Crypto Hacks and Scams in 2025

Fraudulent actors stole over $3.4 billion in crypto assets in 2025.
Bybit’s $1.5 billion hack was a significant event.
North Korean hackers stole $2.02 billion in the past year.
The US SEC charged seven organizations for stealing $14 million using deepfake videos.