Thai police have arrested a 37-year-old Chinese national wanted by authorities in China for alleged involvement in an international crime network and money laundering.
Investigators said the network made transactions worth more than 500 million yuan ($75 million), Thai media Khaosod English said in a report. Post on x On Saturday
Police alleged that the accused was involved in the exchange of cryptocurrency and foreign currency for criminal gangs in more than 133 accounts.
He also claimed he was involved in arranging visas for members of international crime groups linked to other money laundering cases.
Investigators said he tried to avoid arrest by using fake documents to report his residence and changing vehicle registration plates before police found him at a luxury home in Bangkok.
His Thai visa expired more than three years ago, so he will face legal action before authorities contact him to return to China to face outstanding warrants.
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Cointelegraph reported in June that crypto exchange Coinbase froze more than $3 million in cryptocurrency linked to a global operation targeting cyber-driven crypto scam networks in Southeast Asia.
The operation was part of Destruction Week, leadership From the U.S. Department of Justice’s Scam Center Strike Force, which brought together government agencies and private industry to combat crypto fraud targeting Americans.
The operation also involved Meta, Microsoft and Starlink, which worked together to take down servers and other hosting infrastructure connected to the scam networks and disrupt criminal activity in more than 1.4 million social media and email accounts, leading to multiple arrests by the Royal Thai Police Anti-Cyber Scam Center.
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