South Korea Man Arrested for $50 Million Cryptocurrency Scam in Thailand

A 33-year-old man, Han, has been arrested in Thailand at Bangkok’s Suvarnabhumi Airport under a warrant issued earlier this year. He is facing charges of fraud, money laundering, computer crimes, and participating in a criminal syndicate related to a suspected $50 million crypto scam. The scheme targeted victims offering potentially lucrative returns of 30%-50% on their investments. While initial payouts were received by the victims, withdrawals were blocked after larger deposits were made.