According to Decrypt, Thailand's Department of Special Investigation (DSI) recently announced an expanded investigation into a cross-border money laundering network linked to China's 'gray capital.' This group launders over $300 million annually by recruiting Myanmar nationals to withdraw millions of dollars in cash daily from Thai banks, facilitating telecom scams and online gambling-related money laundering. Authorities have seized more than 6,390 mining rigs and accused the group of causing approximately $29 million in electricity theft losses. Key suspect Wang Yicheng, previously named by the U.S. Secret Service, is connected to over $17.8 million in crypto assets from 'pig-butchering' scams that have been confiscated by U.S. authorities. https://(wublock123.com)/news/thailand-expands-probe-crypto-mining-money-laundering-300m-63336