South Korean Public Official ‘Used Bribes to Buy Crypto,’ Police Claim
Source: Atstock Productions/Adobe Yet another South Korean government worker appears to have used ill-gotten gains to fund their crypto cravings : After reports that a public official fled abroad with $2.8 million worth of stolen public funds that has been converted to crypto, it has emerged that another former official may have been extorting money from outsourcing firms – and spending it on crypto. NoCut News reported that officers at the Gangneung Police Station, in Gangneung, Gangwon Province, arrested an unnamed former city official on charges of bribery and fraud on October 25. The former official was described as being in their 30s, but no further details about their identity were released to the press. However, the individual’s activities appear to have caught the attention of their employers: Gangneung City held a “personnel committee meeting” after “finding out” about the individual’s behavior in August – and eventually fired the individual. The committe