South Korea confirmed more cases of “abnormal” foreign-exchange transactions, mostly related to cryptocurrencies, the nation’s financial watchdog said. The Financial Supervisory Service discovered an additional $680 million of “abnormal” money transfers, taking the value of confirmed unusual transactions found since June to $7.2 billion, it said in a statement Thursday. Most transactions have involved funds transferred from cryptocurrency exchanges to local companies before the money was sent overseas, the FSS said. Of the total, 72% of the funds were transferred to Hong Kong, 15% to Japan and 5% to China, the FSS ... (full story)