A KEB Hana Bank employee in South Korea was arrested and prosecuted for embezzling 18 billion Korean won, of which 15 billion Korean won was used to purchase virtual assets. The employee forged loan documents for 17 clients from July to May last year, embezzling a total of 17.77 billion Korean won through fraudulent loans. Prosecutors seized 180 million Korean won at the employee's residence and froze assets totaling around 4.50 billion Korean won, including virtual assets.

According to Odaily Planet Daily, an employee of Woori Bank in South Korea was arrested and prosecuted for embezzling 18 billion Korean won (approximately 13 million US dollars) of public funds, of which about 15 billion Korean won (approximately 10.84 million US dollars) was spent on purchasing virtual assets. The employee, from July last year to May last year, forged loan documents in the names of 17 clients, including individuals and businesses, 35 times, applying for false loans and then transferring the loan amounts to acquaintances' accounts, totaling approximately 17.77 billion Korean won. Prosecutors seized 180 million Korean won at the employee's residence and froze virtual assets exchangeable for deposits, bank deposits, and lease deposits totaling about 4.50 billion Korean won through seizure and collection preservation. (News1)

A KEB Hana Bank employee in South Korea was arrested for embezzling funds to purchase virtual assets.