[Thailand's Department of Special Investigation Expands Crypto Money Laundering Probe, Involving Over $300 Million]
According to Decrypt, Thailand's Department of Special Investigation has expanded its investigation into a transnational criminal network using cryptocurrency mining for money laundering, with annual amounts exceeding $300 million. The department has seized 6,390 mining machines, with illegal electricity theft losses amounting to $29 million, and issued arrest warrants for four Chinese financiers and four Myanmar nationals. The U.S. Secret Service has confiscated over $17.8 million in crypto assets linked to Wang Yicheng, who is alleged to be involved in pig-butchering scam operations. The investigation implicates multiple officials from Thailand's electricity agencies and law enforcement personnel, and the case has been handed over to the National Anti-Corruption Commission for further processing.
