The number of suspicious virtual asset transaction reports in South Korea during the first eight months of this year has already exceeded the total for the past two years.

Foresight News reported, citing Yonhap News Agency, that data from the Korea Financial Intelligence Unit shows that from January to August 2025, Korean virtual asset service providers submitted 36,684 suspicious transaction reports, already surpassing the total of the previous two years combined (35,734 reports). During the same period, the total scale of virtual asset-related criminal cases transferred to prosecutors reached 9.56 trillion Korean won (approximately 6.8 billions USD), with underground remittance cases accounting for 90.2%. In May this year, South Korea uncovered an illegal cross-border remittance case involving USDT, with the amount reaching 57.1 billion Korean won (about 40.88 millions USD).