Pig slaughter fraud has often increased the rise of code, stable rocks and civil wars in Southeast Asia for almost a decade without a rise in cryptocurrency, but Kucoin Thail is helping, according to Project Brazen’s Whale Hunting newsletter.
The report is packed with bomb allegations. Secret investments in cryptocurrency mining companies, South African fixers providing private jet bribes, billions of dollars moving between fraud centres in Cambodia, Laos and Thailand, and Kukoin sets Thai subsidiary that will serve the people and businesses behind this pig slaughter economy.
Former Prime Minister Taisin Sinawatra, who is currently serving as a prison hospital, is at the heart of the matter.
Protos previously reported on Kucoin’s legal issues. This includes allegations that the appropriate knowledge client and failed to implement money laundering rules, allowing Foreign Asset Control Director of Duty (OFAC) administrators to wash millions of dollars from US banks, encourages U.S. citizens to trade on the platform and encourage non-institutional support.
The role of Kukoin Tai
Considered the shadow of the peak, Kucoin opened its Thai subsidiary in June this year.
The relationship between former Kucoin executive “fixer” Benjamin Mauerberger and former prime minister Sinawatra is complicated, but convincingly shows that cash, crypto and planes can be used to easily absorb and mudify water in the already muddy waters of Southeast Asian finance.
Kucoin is said to have purchased shares in a Thai brokerage company called Finasia X PCL through Mauerberger’s wife as part of his entry into the country. Mauerberger was also involved in former Prime Minister Shinawatra purchasing a new private jet.
The scope of the Southeast Asian pig slaughter fraud and centre is explained in detail not only by financial fraud investigators but also by victims who had to escape from lure and detention. It is suspected that hundreds of billions of dollars are lost to fraudsters every year.
Kucoin sent a letter of ceasefire and abolition
According to one of the founders of Project Brazen, the media outlet “removed (their) investigations from Kucoin’s legal team and removed its role in the $1.5 billion money laundering network.”
The suspension and abolition letters seek a withdrawal, a post to remove social media, and an apology within 48 hours. Project Brazen has shown that they will not comply with suspension and deprecation.
We were able to contact Tom Wright about reports on Kucoin on Project Brazen. We asked if they believe Kucoin is using legal methods to silence the media outlet, and Wright said “we are not thinking about their legal strategy,” but Project Brazen said “We will continue to report the truth… Kucoin’s efforts to “secretly buy large shares of Thai Finance Company (including (including)”.
Kucoin’s suspension and Desist’s letter reveals that it denied many allegations: it denied the ownership of Finansia X PCL shares, denying that either its operations in Cambodia, Laos or Thailand are set up for illegal purposes, and that it is “a deliberately involved or an element of a known money money money landing network.”
Protos contacted Kucoin for comment, but they did not respond. If they respond to a statement request, the story will be updated to reflect that.
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