Thai police arrested a 33-year-old South Korean accused of facilitating a call-center crypto money laundering scheme that converted roughly $47.3 million USDT into gold, part of a broader network allegedly moving more than $50 million in illicit crypto proceeds.
Arrest and seizure: suspect detained at Suvarnabhumi Airport with multiple crypto accounts seized.
Investigators say funds were converted from USDT to gold via overseas suppliers and shipments.
Authorities link this case to a broader call-center scam promising 30%–50% returns; related probes in Taiwan involve $70M alleged laundering.
Meta description: Crypto money laundering in Thailand: suspect detained over $50M crypto-to-gold scheme; read details, evidence, and next steps. Stay informed—read now.
What happened in the Thailand crypto money laundering arrest?
Crypto money laundering suspects linked to a large call-center fraud were targeted after dozens of victim complaints led investigators to airport surveillance and immigration checks. Thai Technology Crime Suppression Division officers detained a 33-year-old South Korean at Suvarnabhumi Airport and seized his phone, reportedly containing multiple crypto accounts tied to the laundering network.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
Investigators allege the syndicate converted incoming USDT into physical gold via overseas suppliers, then shipped gold back to the network. Authorities estimate roughly 47.3 million USDT moved through the suspect’s accounts between January and March 2024. Each laundering round reportedly involved more than 10 kg of gold, with each shipment valued at about $1 million.
The scheme reportedly used attractive initial payouts (30%–50% returns) to build trust, then blocked withdrawals citing failed requirements. Dozens of victims later filed complaints prompting the probe.
Authorities tracked the suspect’s arrival and coordinated with the Immigration Bureau to detain him at the airport checkpoint. Seized devices reportedly contained account records and transaction histories tied to the alleged laundering network. The suspect faces charges including fraud, computer crimes, money laundering, and participation in a criminal syndicate.
Taiwanese prosecutors have simultaneously pursued what they describe as the country’s largest crypto laundering case, indicting 14 people and citing more than 1,500 victims and over $70 million in illicit proceeds. Prosecutors seek confiscation of nearly $40 million in assets and the seizure of crypto and fiat amounts, including 640,000 USDT.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/thai-police-arrest-south-korean-suspected-of-laundering-usdt-into-gold-worth-over-50-million/