South Korean police have discovered fresh details of the suspicious murder of Jeju’s commercial (OTC) cryptocurrency traders, suggesting that the crime is meticulously planned.
Authorities charged three Chinese citizens in their 30s with murder and robbery after a man identified as an “A” was stabbed and almost killed in a luxury hotel on February 24th.
Investigators believe the attack was carried out to steal 85 million won ($58,811), and one of the suspects, a woman called “B,” played a leading role in organizing crime.
Police also suspect that multiple financial transactions took place before and after the attack, reinforcing suspicions of planned conduct.
Financial transactions propose plans
Officials from Jeju West Police Station said the transaction data pointed to the planned crime.
Investigators claim that B, along with his two accomplices, “C” and “D,” coordinated the attack and used Chinese mobile payment services and other platforms to move money between themselves.
Police said the victim arrived at the hotel to exchange cryptocurrency around 2-3pm on February 24th. Shortly afterwards, B left a paper bag filled with cash in his hotel room.
Investigators believe she handed the money to C and D.
The suspect is said to have asked E to replace the stolen Korean with China.
Police initially arrested E on the day of the murder, but later released him on bail, citing the possibility that he may not know the crime.
However, investigators believe his involvement in financial transactions is an important part of the incident.
The suspect carried a weapon
Authorities argue that B brought the knife to the hotel, reinforcing the theory that the attack was planned ahead of time. Initially, B allegedly told investigators that the knife was provided by the hotel.
She then changed her statement, claiming she carried a knife to peel the fruit. This contradictory testimony raised further doubts about her role in crime.
Officers believe A was attacked within minutes of entering the hotel room. His body was found on the evening of February 24th and suffered multiple stab wounds.
The suspect claims that his death was an accident, but police argue that the coordinated financial transactions and the existence of murder weapons contradict these claims.
Jeju’s Cryptocrats
The most recent case is not an isolated incident.
Earlier this year, another group of six Chinese citizens were arrested at jeju, who allegedly planned a similar OTC code theft.
Reports say they were engaged in multiple cryptographic cache transactions before attempting to scam a $690,000 trader. Police believe the group arranged fake OTC trade on January 16th before fleeing the island.
These cases highlight the rising trend in crypto-related crime in Jeju, a popular tourist destination known for appealing to semi-tropical climates and visitors in China.
Authorities are now cracking down on crypto-related fraud and stepping up efforts to ensure stricter regulations surrounding OTC transactions.
Three main suspects in A’s murder are in custody, and South Korean prosecutors are expected to pursue severe charges.
This case is closely monitored when authorities investigate the broader risks associated with unregulated cryptocurrency transactions.
This post was a premeditated murder of a Korean crypto OTC trader? Police revealed that new details first appeared on Invezz
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
