Thailand Police arrest key suspect in $50M crypto-to-gold laundering ring

Police in Thailand have arrested a South Korean national who is suspected of laundering more than $50 million worth of illicit cryptocurrency for scammers by converting it to Gold. Summary Han, a South Korean national, was arrested on suspicion of money laundering. In just three months, Han allegedly converted $47 million in USDT to Gold. The 33-year-old suspect, who was identified as Han, was detained at the Suvarnabhumi Airport in Thailand on Aug. 23. Han allegedly played a central role in laundering funds for call centre scam gangs by acting as a financial conduit in a cross-border operation that used…