According to Reuters, Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through an illegal cryptocurrency mining network. Investigations show that the network obtained illegal proceeds from fraud and online gambling, and laundered them through mining operations. A spokesperson for Thailand's Department of Special Investigation (DSI) stated that Wang Yicheng is charged with theft and violations of the Computer Crimes Act. According to a 2023 Reuters investigation, Wang Yicheng's crypto wallet was linked to approximately $9.1 million in fraudulent funds, and U.S. law enforcement had previously seized about $500k from his accounts suspected of digital asset fraud. Thai authorities are currently working with international agencies to locate his whereabouts.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned