Thai Police Arrest Chinese Suspect in Alleged $74M Crypto Laundering Ring
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Thai Immigration Police arrested Wu Chaoshuai, a Chinese national accused of leading a crypto laundering operation that moved more than $74 million.
Thai Immigration Police have detained Wu Chaoshuai over allegations that he headed a cryptocurrency money-laundering network, according to Bitcoin.com News.
Authorities allege the operation transferred more than $74 million on behalf of a transnational criminal organization. The source did not identify the cryptocurrencies involved.
Wu, a Chinese national, entered Thailand in 2019 using a tourist visa. The report also said he had taken steps to avoid arrest, but did not describe those measures.
Source: Bitcoin.com News
