‘Special Dispensation’ Granted
The Virtual Asset Joint Investigation Team is South Korea’s leading police crypto investigation unit.
It handles several important crypto cases, including the probe into Do Kwon and the collapse of the Terra ecosystem.
However, the team was given special dispensation to deal with the superintendent’s case. The media outlet Chosun Ilbo explained:
“Although the Seoul Gangnam District Prosecutors’ Office is not under the jurisdiction of the Southern District Prosecutors’ Office, the Southern District specializes in financial investigations including [cryptoasset-related crimes]. That is why it has taken this case.”
Earlier this year, several police and prosecution officers were tried over allegations they took bribes from a “broker” in a high-profile altcoin fraud case.