Thai police disrupt $15 million crypto scam targeting over 870 South Koreans

This criminal enterprise manipulated individuals into investing in fraudulent platforms and purchasing worthless cryptocurrencies, leading to significant financial losses for victims.

The group was adept at utilizing intricate money laundering strategies, including unlicensed over-the-counter networks throughout Thailand, particularly in tourist areas, enabling them to convert crypto-to-fiat without traditional banking oversight.

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