“Got caught washing it all”…

🪙 Южнокорейца задержали в Таиланде за отмывание $50 млн через биткоин и золото
История, достойная остросюжетного сериала: власти Таиланда арестовали 33-летнего гражданина Южной Кореи по фамилии Хан. Его подозревают в том, что он помогал целой банде телефонных мошенников «отмывать» миллионы долларов, превращая цифровые монеты в весьма осязаемые слитки золота.
Задержание произошло прямо в аэропорту Суварнабхуми — сотрудники Отдела по борьбе с преступлениями в сфере технологий и Иммиграционного бюро встретили его сразу по прилете.

South Korean arrested in Thailand for laundering $50M through Bitcoin and gold
A story worthy of a crime series: Thai authorities arrested a 33-year-old South Korean citizen named Han. He is suspected of helping an entire gang of phone scammers “launder” millions of dollars by turning digital coins into tangible gold bars.
The arrest happened right at Suvarnabhumi Airport — officers from the Technology Crime Suppression Division and the Immigration Bureau met him immediately upon arrival. Investigators believe that Han was involved not only in money laundering but also in fraud, including the use of fake identities.
The case traces back to February 2024, when police began receiving complaints about phone scams. Victims were lured with promises of “super investments” yielding 30–50% — a classic bait for trusting investors. At first, the scheme seemed credible: early investors actually received payments, but later, as the amounts grew, the money was simply blocked.
The investigation quickly revealed the scale: this was an organized network. Ten people have already been arrested, including money laundering intermediaries and owners of fake bank accounts.
During interrogation, Han admitted that he studied in China for six years, then returned to Korea, where he joined a group specializing in converting digital assets into physical gold. His job was to manage the crypto wallets that collected victims’ funds. These funds were converted into the stablecoin USDT, then through a chain of transactions directed to buy gold from foreign suppliers.

According to police estimates, in just three months — from January to March 2024 — around 47.3 million USDT flowed through Han’s accounts. In each laundering “cycle” of 1 million USDT, over 10 kg of gold was involved. In other words, the money turned into metal faster than you could say “Bitcoin cash-out.”
Interestingly, such schemes with digital assets are becoming a global trend. For example, in July 2025, an engineer in India was arrested for running a darknet platform and using the anonymous cryptocurrency Monero to cover his tracks.

🏅 Thus, authorities in different countries are facing a new reality: cryptocurrencies, originally designed as tools of freedom and decentralization, are also being actively used for the opposite purpose — global fraud and money laundering schemes.