Security· ★★★· neutral·

Thailand seeks to seize over $1 billion tied to online scam networks

  • —A Thai criminal court issued arrest warrants for seven suspects in the laundering case
  • —Assets targeted for seizure include shares worth $415 million
  • —Bangkok Post reported 35.8 billion baht in assets already seized or frozen
  • —Suspects include nationals of South Africa, Thailand, Cambodia, Singapore and Australia
Why it matters: The case highlights the scale of cross-border scam networks in Asia and the growing use of asset seizures against crypto-enabled money laundering.
Source: DiarioBitcoin
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