South Korea Confiscated Computers, Records in Cryptocurrency Raids

SEOUL—Prosecutors last month raided three cryptocurrency exchanges in South Korea’s capital, after a January government investigation revealed that a portion of customers’ assets had been transferred to private bank accounts belonging to top managers at the exchanges.

They carried out the three-day raid and confiscated items including computer hard disks, financial transaction records, mobile phones and accounting records, Jeong Dae-jeong, the case’s head prosecutor, said Friday. The raid comes as the government continues…

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