Wu Blockchain has learned that blockchain analytics company Elliptic revealed its collaboration with the Thai Royal Police's High-Tech Crime Division (HTCD) to analyze over 500 suspicious crypto wallets. Victims in related cases have suffered losses nearing $14 million. Through on-chain analysis, these wallets were linked to a broader range of suspicious activities, with associated addresses receiving approximately $520 million in funds. Elliptic stated that these activities involve crypto theft, professional money laundering, investment and romance scams, “pig-butchering” schemes, and addresses connected to scam hubs in Myanmar and Cambodia. The funds are distributed across 32 blockchains and over 400 types of assets, with the most common being USDT, alongside ETH, BTC, and others. https://(wublock123.com)/news/elliptic-thailand-police-analyze-500-plus-suspicious-wallets-520m-flow-63146