South Korean Crypto Exchanges Aid Police in Child Porn Investigation

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South Korea’s four major cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, reportedly stated that they would support the local police in investigating the so-called “nth rooms” phenomenon, which turned into a nation-wide scandal. Crypto Exchanges Reportedly Said Celebrities Were Users For years, dozens of South Korean middle school girls, and sometimes boys, were filmed performing violent sexual acts and self-harm. The videos were then shared through Telegram chat rooms in exchange for payments made in cryptocurrency. The Korean police found dozens of victims since the videos often displayed girls’ names and addresses. After more than 5 million Koreans signed petitions to name the man who led the group that blackmailed girls and created the Telegram groups, the police decided to reveal his identity. The name of the 24 year old criminal is Cho Ju-bin. The police also revealed that over 10,000 people used the Telegram chatrooms, with some paying over…

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