South Korean Extradited for $50 Million Crypto-Gold Fraud Scheme in Thailand

A South Korean citizen, Han, was arrested in Bangkok’s Suvarnabhumi Airport in August 2025, accused of orchestrating a fraudulent scheme involving over $50 million worth of USDT to gold conversion. The operation, believed to have involved call-center operations designed to deceive investors and launder money through complex cryptocurrency transactions, has led authorities to suspect a transnational criminal network.