Thai police have arrested a South Korean man, Han, aged 33, accused of facilitating a call center gang in laundering over $50 million in cryptocurrencies into gold. His arrest occurred at Bangkok’s Suvarnabhumi Airport under a warrant issued in February 2025, linked to a significant scam that began in early 2024. Victims were duped into investing with promises of 30%–50% returns, but withdrawals were subsequently blocked, leading to numerous complaints. Han reportedly managed crypto accounts that processed about $47.3 million in Tether USDt, converting these funds into gold bars. Each transaction involved over 10 kilograms of gold, valued at approximately $1 million. Despite denying some charges, Han remains in custody as investigations continue. This case reflects ongoing concerns about crypto-related scams, paralleling other legal actions, including a notable case in Taiwan involving more than $70 million in illicit cryptocurrency activities.

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