Crypto Deal Gone Wrong: Chinese National Murdered in South Korean Hotel

In a grim turn of events, a Chinese national was found murdered in a luxury hotel in Jeju City, South Korea, on February 24, during what is believed to have been a cryptocurrency transaction. The victim, a man in his 30s, was discovered with multiple stab wounds in his hotel room, and an acquaintance reported him missing after he failed to return from the deal.

Four Chinese nationals—two women and two men, including one in his 60s—have been arrested in connection with the murder. The suspects allegedly fled with 85 million won ($63,500) belonging to the victim. The case came to light when an acquaintance of the victim reported him missing after he failed to return from a cryptocurrency deal.

Police are now focusing on whether the suspects planned the attack in advance or if it was a dispute that escalated into violence. According to initial statements, one of the suspects, a woman in her 30s, may have played a central role in the crime. Investigators are analyzing phone records, security footage, and transaction history to determine the exact sequence of events.

All four suspects entered South Korea on tourist visas and had no prior records of illegal activity in the country. However, police are also looking into whether they were part of a larger network involved in cryptocurrency-related crimes. Given the rising number of fraud and violent cases linked to digital asset transactions, law enforcement agencies in Jeju have increased monitoring of such activities.