Thai law enforcement authorities have detained a youthful married duo for their involvement in a significant cryptocurrency fraudulent scheme. Both individuals, identified as Samruay and Amornsiri, aged 29, were taken into custody in Nakhon Ratchasima province. The police alleged that the couple was complicit in establishing bank accounts where funds pilfered from a deceitful cryptocurrency investment ploy were funneled. Cybercrime investigators disclosed that the pair confessed to being remunerated 5,000 baht each for setting up these accounts. To secure access to the accounts for substantial monetary transfers, they had to undergo facial recognition scans in Cambodia. Acting as go-betweens, they assisted in concealing the illicit origins of this money, which was illicitly obtained through cryptocurrency scams before being channeled into their bank accounts. Additionally, authorities have confiscated assets worth more than 125 million baht stemming from cryptocurrency scam incidents as part of the crackdown. The married couple is currently facing charges related to fraud, cybercrimes, and money laundering. The law enforcement bureau cautioned that facilitating financial dealings for criminal organizations may lead to severe legal consequences.
Arrest of Married Couple in Connection with Cryptocurrency Scam

by Giorgi Kostiuk
a year ago
Other news
GENIUS Act: New Constraints on Stablecoins in the U.S.

U.S. President Trump has signed the GENIUS Act banning yield-generating stablecoins, raising concerns in the large stablecoin market.

GENIUS Act: New Regulations for Stablecoins in the US

President Trump signs the GENIUS Act, establishing regulatory guidelines for stablecoins in the US and impacting the crypto industry.

Crypto Perpetual Futures: Shocking Liquidation Volumes Revealed

A look at liquidation metrics in crypto perpetual futures over 24 hours: insights and trends in digital asset trading.

Overview of XYZVerse: Investment, Community, and the Meme Token's Future

Learn about XYZVerse ($XYZ)—a new meme token, its ecosystem, and prospects in the cryptocurrency market.

U.S. Government Introduces Ban on Yield-Bearing Stablecoins: Market Implications

The GENIUS Act signed by Trump bans yield-bearing stablecoins in the U.S., impacting market strategies and DeFi.

Top Cryptocurrencies: Why BlockDAG, Dogecoin, Ethereum, and Monero Keep Impressing

This article examines the reasons behind the stability and popularity of BlockDAG, Dogecoin, Ethereum, and Monero in the cryptocurrency market.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter