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
Drake Calls for SBF's Release in New Album

Drake's new album features a track calling for the release of Sam Bankman-Fried, the crypto figure serving a 25-year sentence, while referencing his own involvement in cryptocurrency.

Trump's Family Trust Discloses Crypto Trades Amid Legislation

President Trump's family trust disclosed over 3,600 securities transactions, including trades in crypto-related stocks, while advancing pro-crypto legislation.

Wall Street Exchanges Lobby Against Hyperliquid

Major exchanges, including CME Group and Intercontinental Exchange, are lobbying the CFTC to regulate Hyperliquid, citing concerns over its decentralized structure and potential for market manipulation.

Bitcoin Experiences Significant Drop Amid Rising Bond Yields

Bitcoin's value fell from 82,000 to below 77,000 due to rising US Treasury yields and significant outflows from Bitcoin spot ETFs.

New Guidelines Seek to Improve Content Quality.

A new editorial policy has been introduced to enhance the quality of content.

Bitcoin Depot Inc Files for Chapter 11 Bankruptcy Amid Regulatory Pressures

Bitcoin Depot Inc, the largest operator of Bitcoin ATMs, has filed for voluntary Chapter 11 bankruptcy protection after facing significant financial losses and regulatory pressures.

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