South Korean Customs Link Rising Drug Smuggling to Crypto and Telegram

South Korean authorities have revealed that the use of cryptocurrency and messaging app Telegram has led to a rise in drug smuggling. Customs officials seized 769 kilograms of drugs in 2023, marking an 18% increase from the previous year. This spike is attributed to the growing popularity of non-face-to-face transactions facilitated by digital currencies like Bitcoin and altcoins. The Korean Custom Service stated that the high domestic drug prices compared to other countries, combined with the use of virtual currencies, are fueling drug smuggling attempts. Customs officials found that international mail, express cargo, and travelers were used to smuggle drugs, including methamphetamines, ketamine, marijuana, and cocaine. Dealers are utilizing apps like Telegram to sell drugs, advertising on social media and accepting payment in cryptocurrencies, which complicates the tracking of these transactions by law enforcement. In the first half of 2024, 377 kilograms of drugs have already been seized, prompting lawmakers to push for stronger measures to combat the growing drug problem in South Korea. This incident comes amid concerns over the lack of moderators on Telegram, with the recent arrest of CEO Pavel Durov highlighting the platform’s susceptibility to criminal activity.