Chinese national arrested in Thailand over $75 million crypto money laundering
- —Suspect allegedly swapped crypto and fiat for criminal groups via 133+ accounts
- —Network handled roughly $75 million in suspicious transactions
- —He is also accused of arranging visas for members of criminal organizations
- —His Thai visa had been expired for more than three years
Why it matters: The case highlights how crypto exchangers enable cross-border laundering and adds pressure for tighter KYC enforcement in Asia.
Source: Newsbit