Korean Arrested in Gold Laundering Scheme, $50 Million Crypto-to-Gold Conversion Under Investigation

A Korean national has been apprehended in Thailand for allegedly orchestrating a multimillion-dollar money laundering scheme involving cryptocurrency conversion to physical gold through a call center network. The suspect is accused of converting over $50 million worth of digital assets into gold, according to Thai law enforcement. This arrest highlights potential vulnerabilities in the oversight of cryptocurrencies and raises questions regarding existing regulatory frameworks.