A 33-year-old South Korean citizen was arrested by Thai authorities, accused of facilitating a cryptocurrency money laundering scheme.
Details of the Arrest
Han was detained at Bangkok's Suvarnabhumi Airport under an arrest warrant issued in February. He faces charges of fraud, money laundering, computer crimes, and participation in a criminal syndicate.
The Fraud Scheme
The scam began in early 2024, where victims were attracted by investment promises. Police noted that the organizers used fabricated compliance measures to block withdrawals after initial payouts, creating trust among victims.
Developments in Taiwan's Case
In Taiwan, prosecutors indicted 14 individuals in what is described as the largest case of cryptocurrency money laundering in the country, involving over 1,500 victims and proceeds exceeding $70 million. The prosecutor's office is seeking the confiscation of nearly $40 million in assets.
The issue of cryptocurrency money laundering in Southeast Asia continues to attract attention as fraudulent and laundering schemes evolve.
