Thailand issues arrest warrant for Chinese businessman tied to $28 million illegal crypto mining probe: report

Thailand Expands $307M Crypto Mining Probe as Chinese Financiers Face Arrests

Thailand's DSI probed Wang Yicheng's network laundering $307M annually via illegal crypto mining, seizing 6,390 rigs and $29M stolen electricity. Crypto-mining is transnational crime's primary money-laundering mechanism, exploiting infrastructure gaps and local corruption.