China · Coinbase · Meta · Cointelegraph
Chinese suspect in $75 million international crime network arrested in Bangkok
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Police alleged the suspect was involved in cryptocurrency and foreign-currency exchanges for criminal groups across more than 133 accounts.
Key facts
- Investigators said the network handled more than 500 million yuan ($75 million) in transactions, Thai media Khaosod English reported in a post on X on Saturday
- In June that crypto exchange Coinbase froze more than $3 million in cryptocurrency tied to a global operation targeting cyber-enabled crypto scam networks in Southeast Asia
- Police alleged the suspect was involved in cryptocurrency and foreign-currency exchanges for criminal groups across more than 133 accounts
- Thai police arrested a 37-year-old Chinese man wanted by authorities in China for alleged involvement in an international crime network and money laundering
Summary
Thai police arrested a 37-year-old Chinese man wanted by authorities in China for alleged involvement in an international crime network and money laundering. Investigators said the network handled more than 500 million yuan ($75 million) in transactions, Thai media Khaosod English reported in a post on X on Saturday. They also claimed that he was involved in arranging visas for members of international crime groups linked to other money-laundering cases. Investigators said he attempted to evade arrest by using forged documents to report his residence and changing vehicle registration plates before police found him in a luxury house in Bangkok.