Representatives of the South Korean police Department for the investigation of cybercrime blame cryptocurrency exchange, Coinone margin digital money, which, in fact, constitutes illegal gambling is used to launder criminal proceeds.
Coinone offered margin trading and digital money from November 2016 to December 2017.
According to local Yonhap source, General Director of South Korean exchange, Coinone Mugen Cha (Cha Myunghun) and two top-managers of the site was summoned for interrogation to the local postal and telecommunications in connection with the investigation of this case.
According to police, during the investigation, which began in August 2017, has studied the activities of about 19 thousand traders Coinone. The results of the investigation for questioning will be caused by 20 users with the largest trading volumes (from 3 thousand to 13 thousand transactions). It is noted that their accounts were about $2.8 million.
«This is one of the first attempts to study more deeply the business operation of the local cryptocurrency exchanges. The case will be transferred to Prosecutor’s office», – noted in police.