In the successful cooperation between Thailand and China, law enforcement dismantled major cryptocurrency-led human trafficking networks, leading to the arrest of two individuals and the seizing of $2.5 million USDT.
Thailand-China joint ventures will develop cryptocurrency-driven crime
The operation, which took place on February 5th, was a coordinated effort between the Thai Hamark Police Station and the Police Cyber Task Force (PCT). Authorities have attacked the gorgeous residence where 29-year-old Yewa Nyo and 30-year-old Lee Waijee were detained, and two Chinese citizens, 29-year-old Chinese citizens, were detained. The suspect attempted to remove important data from his phone to avoid the capture, but was soon arrested. During the attack, investigators discovered $44,550 in hidden assets related to cryptocurrency wallets.
On February 7, a joint investigation revealed that the suspect was linked to human trafficking activities near the Mae Sot area, near the border with Myanmar.
According to a report from local media in Khasod English, Prime Minister Paetongtarn Shinawatra has been a senior police officer, including police General Kit Las Fanfetch and General Sachai Pitaneraboot, to ensure continued cooperation with the Chinese. I was promptly instructed.
As the investigation has been delved deeper, authorities have linked fraudsters to fraudulent product sales operations within Thailand and suspect further illegal activities in Phnom Penh, Cambodia. In addition to the charges, the two suspects are currently facing allegations of public fraud. Law enforcement has asked the criminal courts to refuse bail as they continue to explore a full network of operations and continue to identify additional accomplices. The case highlights the increasing use of cryptocurrency in fraud and illegal activities. Recently, 30-year-old Japanese table tennis star and bronze medalist Takumi Niwa was arrested on suspicion of using cryptocurrency to participate in illegal online gambling.
Also Read: Supreme Court Attorney Arrested for Code-Related Crimes
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