Thailand's DSI says a Chinese 'grey capital' network used illegal crypto mining operations to launder over $300 million per year from call-center scams and online gambling. Authorities seized 6,390 mining rigs and issued eight arrest warrants.
Crypto mining being used as a front for large-scale money laundering tied to scam networks reinforces negative perceptions of crypto as a tool for crime, though the crackdown itself is a positive enforcement action.
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