South Korean Forgers Trade Elite Degrees
South Korean Forgers Trading Elite University Degrees for Crypto
South Korean forgers are trading elite university degrees for $200 worth of crypto, offering fake official documents, including university degree certificates, to crypto-paying customers.
Forged Documents and Crypto Payments
These forgers offer a plethora of fake documents, including driving licenses, family relationship documents, and bank loan documents, in exchange for crypto payments, which they believe provide anonymity.
Preferred Payment Methods
The forgers prefer payment in crypto or digital gift certificates, as they believe these methods offer them anonymity, with one forger stating, "If you pay using a bank transfer, you could also become a target of a police investigation."
Elite University Degrees for Sale
Would-be customers can purchase a graduation certificate from a top university, such as Yonsei University, for just over $200 worth of crypto, with the forger claiming the certificates look 100% identical to the originals.
Prices and Services
- A certificate of enrolment at a top university costs $100
- A fake graduation certificate from a foreign university costs $341
Cracking Down on Forgery
Police in South Korea are cracking down on so-called "revenge agencies" that take USDT payments in exchange for violent crime, with the number of people arrested for forgery almost doubling between 2021 and 2023.
Key Takeaways
- South Korean forgers are trading elite university degrees for crypto payments
- Forged documents, including driving licenses and bank loan documents, are available for purchase
- Police are cracking down on forgery and revenge agencies
- Crypto payments are preferred for anonymity
Frequently Asked Questions
What types of documents do the forgers offer?
The forgers offer a wide range of fake documents, including university degree certificates, driving licenses, and family relationship documents.
How much do the forged documents cost?
The prices vary, with a certificate of enrolment at a top university costing $100 and a fake graduation certificate from a foreign university costing $341.
