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South Korean woman ‘stole friend’s 481,000 USD crypto stash’ to pay off debt

Police in Jeju arrested a woman suspected of stealing 481,000 USD worth of cryptocurrency from her friend to settle her debts. After the theft on January 7, 2025, she fled but was apprehended the following day.

Authorities suspect she illegally accessed her friend’s phone, selling the crypto for cash. The investigation remains ongoing, focusing on potential charges of fraud and theft.

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