Thailand Expands Investigation into Illegal Mining Network Linked to Chinese Money Laundering Involving $300 Million

CoinFeed, June 23 – According to Decrypt, Thailand's Department of Special Investigation (DSI) has expanded its probe into a "gray Chinese" network accused of laundering over 10 billion baht (approximately $300 million) annually through illegal cryptocurrency mining, electricity theft, and "running points." The DSI previously seized over 6,390 mining rigs in multiple operations, estimating stolen electricity worth more than 953 million baht (about $29 million), and has issued arrest warrants for four Chinese financiers and four Myanmar nationals, alleging they used proceeds from call center scams and online gambling, with Myanmar "cash couriers" withdrawing 30 to 50 million baht in cash daily from Thai banks. The case has also uncovered clues of corruption involving Thai electricity authorities and law enforcement personnel.