South Korean law enforcement has dismantled a counterfeiting ring specializing in defrauding cryptocurrency traders. The criminal group was caught producing counterfeit 50,000-won notes totaling approximately $330,000 in value. This operation underscores growing security threats within the crypto trading ecosystem. Such schemes typically target traders through social engineering or fake marketplaces, exploiting the gap between traditional finance and digital assets. The bust serves as a reminder for market participants to verify transaction legitimacy and remain vigilant against increasingly sophisticated fraud tactics targeting the Web3 community.