📰 Table Of Contents
Crypto-powered Narcotics Gangs in South Korea
Reports indicate that Korean-language Telegram channels have become hubs for drug trafficking, described as “department stores” and “playgrounds” for young South Koreans.
President Yoon’s Response
President Yoon Suk-yeol declared an “all-out war” on crypto-powered drug trafficking following numerous cases involving teenagers and individuals in their 20s.
Open Taunting of Detectives
Some Telegram channel operators openly taunt detectives, aware of police monitoring, creating a challenging situation for law enforcement.
Crypto-powered Narcotics ‘Playgrounds’ on Telegram
Telegram channels are openly advertising nationwide drug deliveries, including methamphetamine and ecstasy, attracting young buyers.
Job Opportunities in Drug Distribution
Telegram channels also serve as job agencies, offering crypto-paying positions like “dead-drop delivery person” for drug dealers.
Blockchain Monitoring Tools and Police Efforts
Despite challenges in tracking Telegram users, police have invested in blockchain monitoring tools, leading to successful raids and arrests.
Technological Solutions and International Cooperation
Authorities are exploring AI-powered software and collaborations with other countries like Thailand, Malaysia, and Indonesia to combat the rise of crypto-powered narcotics crimes.
Challenges and Criticisms
While digital forensic technology has aided law enforcement, critics argue that more resources are needed to address the increasing trend of such crimes.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
