South Korean "drug lord" Park Wang-ryeol has been transferred to prosecutors, and authorities will investigate his Bitcoin transaction records.

MeNews · 2026-04-03T17:02:07+00:00

The Korean prosecutors transferred drug lord Park Wang-ryeol on April 3rd. He is suspected of smuggling drugs from the Philippines between 2019 and 2024, with illegal proceeds amounting to 6.8 billion KRW. The government will investigate hidden funds and Bitcoin transaction records.

MeNews

2026-04-03 17:02:07

Abstract generation in progress

ME News message: On April 3 (UTC+8), the “drug kingpin” Park Wang-rye (47), who previously carried out large-scale distribution of narcotics from the Philippines into South Korea, was transferred to South Korean prosecutors on April 3. Park Wang-rye is suspected of smuggling and selling drugs in South Korea between November 2019 and July 2024. He allegedly collected drug transaction funds via bank transfers or Bitcoin electronic wallets; the illegal proceeds identified so far are about 68 billion KRW (about $45.09 million), and the total scale of the crimes amounts to 131 billion KRW (about $86.86 million). South Korea’s joint investigation unit for drug-related crimes will focus on tracking down the funds he is concealing and will conduct in-depth analysis of the Bitcoin transaction records related to the alleged crimes. (Source: Foresight News)

BTC-1,77%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes