Thailand Expands Crypto Mining Probe Into $300M Chinese Laundering Network
Thailand's DSI says a Chinese "grey capital" network used illegal crypto mining and cash mules to launder more than $300 million a year.
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Thailand's DSI says a Chinese "grey capital" network used illegal crypto mining and cash mules to launder more than $300 million a year.
Thailand has expanded a probe into a transnational Chinese criminal network that used illegal crypto-mining to launder over $300 million annually from online scams and gambling. Rigs Seized and Power Stolen Thai authorities have expanded an investigation into illegal cryptocurrency mining networks allegedly run by Chinese financiers that laundered more than $300 million (10 billion […]
The crackdown highlights the need for stricter regulatory oversight to prevent infrastructure risks and financial burdens on local communities. The post Thailand busts illegal Bitcoin mining operation, seizes 315 rigs across five provinces appeared first on Crypto Briefing.