According to South Korean Yonhap News Agency, the Seoul Metropolitan Police Agency's Wide-Area Crime Investigation Team stated that more than 20 individuals involved in two organizations suspected of using cryptocurrencies to launder proceeds from phishing scams have been forwarded to prosecutors.

One group is suspected of purchasing and transferring USDT through Korean and overseas cryptocurrency exchanges to launder funds for a phishing scam organization based in Cambodia, involving illegal currency exchange amounts of about 14 billion Korean won (approximately $10.1 million), and charging about 650 million Korean won (approximately $470k) in fees;
The other group of 14 people is suspected of using about 2.8 billion Korean won (approximately $2 million) in criminal proceeds to buy USDT and transfer it to overseas exchanges for money laundering.
The police also forwarded 33 individuals suspected of operating unregistered currency exchange businesses involving about 6.3 billion Korean won (approximately $4.5 million) to prosecutors.