South Korean cryptocurrency exchanges have taken a significant step forward in combating financial crimes, particularly targeting romance scams and voice phishing operations.
Over the past year, these platforms have thwarted attempts by criminals to transfer digital assets valued at more than $82.6 million.
The exchanges credit their success to sophisticated abnormal transaction detection systems.
These systems are designed to identify and flag transactions that may be linked to fraudulent activities, enabling the exchanges to act swiftly in blocking these attempts.