Thai police arrest the Korean man in a case of gold crypto whitening of $ 50 million

Thai authorities have arrested a South Korean accused of having helped a call gang to whiten cryptocurrencies in gold worth more than $ 50 million.

The division of the repression of technological crime (TCSD) said that the police had apprehended Han, 33, at Bangkok Suvarnabhumi airport on Saturday as part of a mandate issued in February, according to to a report of the nation. He faces accusations of fraud, computer crimes, money laundering and involvement in a criminal union.

The case stems from a scam of the large -scale call center which started at the beginning of 2024. The victims were attracted to “investment opportunities” promising yields from 30% to 50%. Initial payments have created a false feeling of security, but as deposits increased, withdrawals were blocked with allegations that investors had not met the requirements.

Dozens of complaints finally reached the TCSD, which prompted an investigation which has already led to the arrest of ten suspects, including five alleged launders and five Mule account holders.

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Thai police entered cryptographic accounts

Investigators discovered the arrival of Han in Thailand and coordinated with the immigration office to hold it at the airport control point. His mobile phone, containing several crypto accounts linked to the laundering network, was seized.

According to the report, Han previously studied in China before joining a South Korean company which converted cryptocurrencies into gold bars for the scam network. He would have supervised Crypto accounts receiving victims funds, which were then used to buy gold from foreign suppliers before being returned to the union.

The authorities estimate that between January and March 2024, Han’s accounts have treated around 47.3 million USDT (USDT), channeled in gold. Each whitening round would have involved more than 10 kilograms of gold, valued at around $ 1 million per transaction.

Han denied parties of the accusations but remains in detention while the Thai police continues to investigate the wider network.

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Taiwan involves 14 in the case of crypto silver money laundering

Taiwanese prosecutors charged 14 people in what they describe as the greatest case of money laundering of the country’s cryptocurrencies, involving more than 1,500 victims and more than $ 70 million in illegal product.

The Shilin District Prosecutor’s Office has deposited accusations of fraud, money laundering and organized crime, requesting the confiscation of almost $ 40 million in active assets obtained.

The authorities also asked for the crisis of 640,000 USDT, non -disclosed amounts of Bitcoin (BTC) and Tron (TRX), more than $ 1.8 million in cash, two luxury cars and $ 3.13 million in frozen bank deposits.