Crypto Crackdown: Thai Police Arrest 11

Thai Police Raid Five Unlicensed Crypto Firms, Arrest 11 Employees

• Thai police raided five unlicensed cryptocurrency firms in Nakhon Pathom, Samut Sakhon, and Bangkok.
• Eleven individuals were arrested, including executives and junior employees.
• The firms had a combined annual turnover of approximately one billion baht ($29.3 million).
• Six computers and other evidence were seized during the operation.
• The firms acted as intermediaries for local investors buying overseas investment products.

The Economic Crime Suppression Division arrested 11 people for operating illegal e-money services with a turnover of about $29.3 million, seizing six computers as evidence.