Thai authorities seize $8.6 million in mining equipment from seven suspected groups
Thai officials have confiscated 3,642 cryptocurrency mining devices valued at $8.6 million from seven organizations suspected of funding Chinese scam operations. The crackdown is part of efforts to combat crimes involving digital assets.
Source Bangkokpost
According to police, the mining activities helped criminals achieve two objectives: turning stolen electricity into profit and laundering illicit funds via digital currencies.
This enforcement action is expected to hinder scammers’ operations connected to cryptocurrencies and strengthen financial oversight in the region.
