Tether · CryptoSlate
One crypto wallet tied to a 20-year-old fraudster processed over $122 million before Interpol closed
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Interpol said a crypto wallet linked to a 20-year-old fraud suspect processed more than $122.5 million over 10 months.
Key facts
- Interpol said a crypto wallet linked to a 20-year-old fraud suspect processed more than $122.5 million over 10 months
- The $122.5 million reflects money that passed through the wallet over 10 months, rather than a balance sitting there at once
- The operation ran from Jan. 15 through April 30 after an initial intelligence-gathering period
- The Financial Action Task Force said in a March 2026 report that cross-chain activity can fall outside some counter-illicit-finance controls
Summary
01 Interpol said a Thai crypto wallet linked to a 20-year-old suspect processed over $122.5 million in 10 months. 02 The case formed part of a 97-country operation that arrested 5,811 people and intercepted $293 million in illicit assets. 03 Investigators say cross-chain swaps can obscure trails across ledgers, making it harder to trace funds before they reach an off-ramp. Police in Thailand arrested two people in a money-laundering investigation involving romance-scam proceeds moved through crypto and cross-chain token swaps.