Per Woofun AI, the Thai Special Investigations Department has broadened its inquiry into a syndicate suspected of utilizing illicit cryptocurrency mining operations to launder proceeds from telecommunications fraud and online gambling. The annual volume of funds involved in this network exceeds 30 billion Thai Baht, equivalent to approximately 300 million USD.

Authorities have confiscated 6,390 mining devices, while illegal electricity theft associated with the operation resulted in losses of 953 million Thai Baht, or roughly 29 million USD. Arrest warrants have been issued for four Chinese financiers and four Myanmar nationals.

Concurrently, the U.S. Secret Service seized over 17.8 million USD in digital assets linked to key suspect Wang Yicheng, who is implicated in 'pig butchering' scam schemes. The investigation also encompasses several officials from Thai power agencies and law enforcement officers, with the case now transferred to the National Anti-Corruption Commission.