Thai police have frozen digital assets worth $2.5 million linked to Chinese scam bosses. The move comes as part of a wider crackdown on online scams in Thailand.
Thai police have frozen $2.5 million in crypto assets (84 million baht) connected to Chinese scam bosses. The police tracked the digital money during an investigation into online fraud that affected many victims. The scammers used crypto to hide funds obtained from their schemes, making the crime harder to trace.
The investigation began after several victims reported losing money in scams. The fraudsters used online methods to lure victims and then demanded payments through digital channels. Thai police, working with local banks and crypto experts, followed the money trail and froze the assets.
A police spokesperson said:
We have frozen these digital funds to help recover some of the lost money and to stop these scammers from hiding further assets.
The case is part of a broader effort by Thai authorities to fight online fraud and protect the public from similar crimes.
Police warn the public to be cautious when dealing with digital money and to report any suspicious activities. They are also cooperating with international agencies to track down any other funds linked to the scam.
source: KhaoSod
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