Thai authorities seized Bitcoin mining equipment worth $8.6 million from a transnational fraud syndicate.

PANews, December 4—According to Decrypt, Thai authorities have seized Bitcoin mining equipment worth $8.6 million (300 million baht) from seven locations suspected of funding transnational scam groups operating in Myanmar. On Tuesday, the Department of Special Investigation in Thailand raided six sites in Samut Sakhon Province and one site in Uthai Thani Province, confiscating 3,642 mining machines valued at $7.7 million (270 million baht), as well as electrical equipment worth $860,000 (30 million baht). Thai investigators found that most of the mining equipment was installed in soundproof containers equipped with water-cooling systems. These sites are linked to a scam group based in Myanmar, whose financial transactions have totaled more than $143 million (5 billion baht).