ChainCatcher news, according to the National Newspaper of Thailand, Thai police have arrested a South Korean man in connection with a $50 million cryptocurrency gold money laundering case. The Thai Technology Crime Suppression Division (TCSD) stated that police arrested the 33-year-old South Korean man at Suvarnabhumi Airport in Bangkok on Saturday, and he faces charges of fraud, computer crime, money laundering, and involvement in a criminal organization.

Investigators found that after arriving in Thailand, the man coordinated with the immigration bureau to detain him at the airport checkpoint, and his phone was seized, revealing multiple cryptocurrency accounts related to the money laundering network.