Thai police raid five cryptocurrency companies, arrest 11 people

ChainCatcher news, the Economic Crime Division (ECD) of Thailand recently raided five unlicensed cryptocurrency companies located in Bangkok, Nakhon Pathom, and Nonthaburi, arresting 11 individuals involved. This operation targeted illegal cryptocurrency trading activities, with the companies involved having an annual trading volume of up to 1 billion baht (approximately 29.3 million USD).

Police seized 6 computers and related evidence on-site, and those arrested included company executives and regular employees. ECD Commander Thatphum Jaruprat stated that the case is still under further investigation, and Thai authorities will continue to crack down on illegal financial activities to maintain market order.