Thailand Expands Crypto Mining Probe Into $300M Chinese Laundering Network
Decrypt·
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Thailand's Department of Special Investigation is expanding its probe into a Chinese "grey capital" network, revealing a $300M annual laundering scheme involving crypto mining and cash mules. The network allegedly uses illegal crypto mining to launder funds, with authorities now investigating its scope and connections to other illicit activities, potentially impacting global crypto regulations.
Thailand's DSI says a Chinese "grey capital" network used illegal crypto mining and cash mules to launder more than $300 million a year.