Thailand's Department of Special Investigation (DSI) has intensified its investigation into a Chinese network accused of laundering over $300 million annually through illegal cryptocurrency mining and electricity theft. The DSI has seized more than 6,390 mining rigs, with stolen electricity valued at approximately $29 million. Arrest warrants have been issued for four Chinese financiers and four Myanmar nationals, linked to call center scams and online gambling.
The investigation has revealed that Myanmar couriers withdrew 30 to 50 million baht daily from Thai banks. Additionally, the probe has uncovered potential corruption involving Thailand's electricity authority and law enforcement, further complicating the case.
Thailand Expands Probe into $300M Illegal Crypto Mining Network
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