Thai DSI widens $300M laundering probe tied to illegal crypto mining and Chinese crime network
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Promote with Leviathan NewsThailand’s DSI says an illegal crypto mining network was part of a Chinese-linked laundering operation moving more than 10 billion baht, about $300 million, a year. Investigators say 2025 raids seized more than 6,390 mining rigs and tied the scheme to 953 million baht in stolen electricity, with Myanmar cash mules allegedly withdrawing 30 million to 50 million baht a day. The probe has eight arrest warrants out already, and one named figure, Wang Yicheng, is linked by DSI to a U.S. Secret Service seizure of more than $17.8 million in crypto.
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