ChainCatcher news, the Economic Crime Division (ECD) of Thailand recently raided five unlicensed cryptocurrency companies located in Bangkok, Nakhon Pathom, and Nonthaburi, arresting 11 individuals involved. This operation targeted illegal cryptocurrency trading activities, with the companies involved having an annual trading volume of up to 1 billion baht (approximately 29.3 million USD).Police seized 6 computers and related evidence on-site, and those arrested included company executives and regular employees. ECD Commander Thatphum Jaruprat stated that the case is still under further investigation, and Thai authorities will continue to crack down on illegal financial activities to maintain market order.

ChainCatcher news, under international coordination efforts, law enforcement in Phuket, Thailand, detained four Russian citizens on Monday who are suspected of carrying out ransomware attacks. The suspects are believed to be members of the 8Base organization that utilized Phobos ransomware, attacking 17 Swiss companies between April 2023 and October 2024.The suspects are accused of infiltrating the networks of several European companies, encrypting data, and demanding payment in cryptocurrency for decryption fees. Phobos ransomware typically targets small and medium-sized enterprises lacking robust cybersecurity measures. In addition to these incidents, the suspects are also linked to approximately 1,000 victims globally, with around $16 million in Bitcoin stolen.The 8Base organization has been identified as a key player in the ransomware ecosystem. The suspects are currently awaiting extradition to face charges related to their alleged involvement in the ransomware attacks.

ChainCatcher news, according to Bitcoin.com News, Thai police, in collaboration with Chinese police, arrested two Chinese suspects involved in fraud at a luxury mansion. During the operation, they seized $2.5 million worth of USDT stablecoins, as well as over $114,000 in other assets.

ChainCatcher news, the Thai police have shut down a Bitcoin mining operation that is estimated to have stolen approximately $3 million worth of electricity. The mining site is located in the Phanat Nikhom district of Chonburi province in eastern Thailand, and the operation involved more than 1,000 machines. Although authorities could not provide an exact figure for the theft, its value could reach "hundreds of millions of baht."Miners tampered with the electricity meters of the Provincial Electricity Authority (PEA) to redirect power to their machines. An unidentified worker at the site told police that the electricity theft only occurred at night, while the meters were used correctly during the day to avoid detection.

ChainCatcher news, according to the Bangkok Post, recently Thai police launched raids in four areas, dismantling a mixed fraud gang named "Lock Star," and arrested two Chinese citizens and four Thais who were charged with illegal assembly, conspiracy to participate in a transnational criminal organization, public fraud, inputting false information into computer systems, and money laundering. The police also seized cash and other assets worth approximately 30 million baht (about 820,000 USD) during the operation.It is reported that the scammers are suspected of using a fake program called Tidex to defraud investors of cryptocurrency by promising high returns, and then selling these cryptocurrencies and exchanging them for baht.

ChainCatcher news, according to the official blog, Binance has recently played a crucial role in two operations assisting Thai law enforcement.The Cyber Crime Investigation Bureau (CCIB) of Thailand collaborated with Binance and the U.S. Department of Homeland Security (HSI) to dismantle a criminal gang involved in a significant "pig butchering" scam. With intelligence support from Binance and HSI, the CCIB arrested five key members of the gang and seized assets worth approximately 10 billion Thai Baht (about 277 million USD), with over 3,200 victims seeking compensation.In the past three years, Binance has completed and assisted with over 103,000 law enforcement requests, with an average response time of three days, faster than most traditional financial institutions.

ChainCatcher news, according to the Bangkok Post, the Cyber Crime Investigation Bureau (CCIB) of Thailand has arrested four individuals from China and one from Laos, accusing them of colluding to commit transnational crimes, public fraud, and money laundering.At the end of 2022, with the assistance of the U.S. Department of Homeland Security and other international law enforcement agencies, affected investors came forward, claiming they suffered losses from investments made through the bchgloballtd.com website. The five individuals defrauded over 3,200 locals of more than 27 million dollars through a fraudulent cryptocurrency investment platform.