Thailand Authorities Hunt Chinese Businessman in $28 Million Illegal Crypto Mining Case (opens original article in a new tab)

Thai authorities have issued an arrest warrant for Chinese businessman Wang Yicheng in connection with a $28 million illegal cryptocurrency mining operation involving money laundering from online scams and gambling. Wang is alleged to be part of a transnational network, and Thai officials are working with international partners to locate him. The case involves eight suspects, including four Chinese and four Myanmar nationals.

• Thai authorities issued an arrest warrant for Chinese businessman Wang Yicheng in a $28 million illegal crypto mining case
• Wang is linked to a transnational network using crypto mining to launder funds from online scams and gambling
• Thai DSI is collaborating internationally to locate Wang and has issued warrants for eight suspects