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Suresh
@wizgod.eth
The South Korean prosecution service has officially launched a specialized crypto crime investigation unit to fight crypto scams and coin fraud. The body is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation Unit (JIU) for Virtual Asset Crimes. The unit has been operating since 2023. But it was originally intended to function as a temporary task force. It was formed to fight what officials thought would be a short-lived spike in high-profile crypto-related fraud cases.
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