[Two South Korean Police Officers Indicted for Involvement in $186 Million Crypto Money Laundering Case] According to Decrypt, a South Korean police station chief and a senior officer have been accused of accepting bribes from operators of illegal cryptocurrency exchanges and charged with participating in a $186 million (approximately 249.6 billion KRW) voice phishing money laundering scheme. Both officers have been dismissed and indicted. Prosecutors allege that between July 2022 and February 2024, the two officers received approximately $59,000 (79 million KRW) and $7,500 (10 million KRW) in cash and luxury goods, respectively, in exchange for providing criminal groups with investigative information, unfreezing accounts, introducing lawyers, and coordinating law enforcement resources. The criminal network reportedly converted funds obtained through voice phishing into Tether (USDT) via illegal cryptocurrency exchanges disguised as gift card shops. Prosecutors have frozen approximately $1.1 million (1.5 billion KRW) in illegal assets, including $600,000 (800 million KRW) in USDT, and estimate the total criminal proceeds to be around $8.4 million (11.2 billion KRW). Additionally, similar cases have been reported globally. In July this year, India’s Karnataka anti-corruption agency discovered two officers attempting to launder bribe money through cryptocurrency. In March, senior officials of Iran’s Islamic Revolutionary Guard Corps were accused of embezzling $21 million in crypto assets during an investigation into the cryptocurrency exchange Cryptoland.