South Korean Suspect Arrested in Major $50 Million Crypto Money Laundering Scheme

A South Korean man has been apprehended in Thailand for his role in a high-value cryptocurrency money laundering operation that illegally converted millions of dollars worth of digital assets into physical gold. The suspect, identified as Han, 33, was arrested at Bangkok’s Suvarnabhumi Airport based on an existing warrant issued in February. This arrest follows a major investigation by Thailand’s Technology Crime Suppression Division (TCSD) uncovering the intricate network behind this illicit scheme. Han allegedly worked with a call center gang that tricked victims into believing they were earning high returns, leading to significant financial losses for many.