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
2 years ago

Other news
US Treasury Unveils $200 Billion MBS Support Plan

The US Treasury has announced a new mortgage-backed securities purchase program to stabilize mortgage rates and improve housing affordability.

Ethereum Forms Symmetrical Triangle as Market Sentiment Remains Cautious

A symmetrical triangle is forming in Ethereum's price action, indicating potential volatility as buyers and sellers are in a standoff.

Blockchain Technology Revolutionizes Medical Data Exchange

Blockchain technology improves medical data exchange by addressing privacy concerns and data silos through decentralization and transparency.

DataHippo DApp Enhances Medical Research Collaboration

The agreement between Hippo Protocol and the Chinese University of Hong Kong establishes a framework for blockchain-facilitated data sharing, providing a proof of concept for decentralized medical data ecosystems.

Market Response to Upbit's GAS Airdrop Remains Muted

The market response to Upbit's GAS airdrop has been muted due to the lack of primary data outlining the financial impact of the distribution.

OKX Account Freeze Sparks User Protests Over Compliance Policies

OKX froze a user account holding 40,000 USDT due to compliance issues, leading to public outcry.

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