South Korea
Digital Asset
Crypto Currency-Swap Fraud Cases Since 2018 Top 12 Trillion Won
- From 2018 to July 2026, Korean authorities detected 91 cases of unregistered foreign-exchange trading (hwanchigi) using digital assets, totaling 12.1407 trillion won.
- Digital-asset cases made up 51% of all 177 detected currency-swap violations by count and 67% of the total 18.0297 trillion won by value.
- Of 34 foreign nationals caught in digital-asset currency-swap schemes since 2018, 27 came from one nationality group, per data from Rep. Park Soo-young (People Power Party) citing the Korea Customs Service (the source text was truncated before naming the specific nationality).