{"id":11370,"date":"2025-04-15T15:15:24","date_gmt":"2025-04-15T15:15:24","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=11370"},"modified":"2025-04-15T15:15:24","modified_gmt":"2025-04-15T15:15:24","slug":"crypto-camouflage-south-korean-police-bust-gambling-den-hidden-behind-mining-front","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/crypto-camouflage-south-korean-police-bust-gambling-den-hidden-behind-mining-front\/","title":{"rendered":"Crypto Camouflage: South Korean Police Bust Gambling Den Hidden Behind Mining Front"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In a dramatic raid, South Korean police have dismantled an <strong>illegal casino disguised as a cryptocurrency mining operation<\/strong> in the city of <strong>Gwangju<\/strong>. Authorities uncovered over <strong>$95,000 USD (\u20a9140 million)<\/strong> in gambling proceeds funneled through modified gaming machines, cleverly hidden behind a fake crypto facility.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The operator, identified only as <strong>&#8220;Mr. A,&#8221;<\/strong> installed over 50 unauthorized machines and kiosks in an office space under the pretense of running a <strong>virtual currency exchange and mining center<\/strong>. Players were charged approximately <strong>\u20a950,000 ($38)<\/strong> per hour to access altered mobile games that awarded <strong>cash prizes based on high scores<\/strong>, in blatant violation of South Korea\u2019s <strong>Game Industry Promotion Act<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/crypto-camouflage-south-korean-police-bust-gambling-den-hidden-behind-mining-front2-1024x576.jpg\" alt=\"\" class=\"wp-image-11371\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/crypto-camouflage-south-korean-police-bust-gambling-den-hidden-behind-mining-front2-1024x576.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/crypto-camouflage-south-korean-police-bust-gambling-den-hidden-behind-mining-front2-300x169.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/crypto-camouflage-south-korean-police-bust-gambling-den-hidden-behind-mining-front2-768x432.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/crypto-camouflage-south-korean-police-bust-gambling-den-hidden-behind-mining-front2.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Law enforcement seized all equipment and are pursuing further investigations to identify additional accomplices. Officials say this scheme is part of a growing trend in South Korea, where criminals exploit the <strong>crypto-mining narrative<\/strong> to cover up illegal gambling dens. \u201c<em>This is not just fraud\u2014it\u2019s an attack on public trust,\u201d<\/em> said Police Chief Jeong Gyeong-ho, vowing to prevent such operations from re-emerging.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/north-korean-hackers-are-laundering-money-via-southeast-asias-underground-banks-and-casinos\/\">North Korean Hackers Are Laundering Money via Southeast Asia\u2019s Underground Banks and Casinos<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The case underscores the evolving intersection between <strong>cryptocurrency, gaming, and underground betting<\/strong>, raising new concerns about regulation and enforcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The operator, identified only as &#8220;Mr. A,&#8221; installed over 50 unauthorized machines and kiosks in an office space under the pretense of running a virtual currency exchange and mining center<\/p>\n","protected":false},"author":1,"featured_media":11372,"menu_order":80,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2323,4495,11,2350],"class_list":["post-11370","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-asia","tag-crypto","tag-illegal-gambling","tag-korea","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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