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Thailand Police Seize $8.6M in Illegal Bitcoin Mining Crackdown
12/04/2025, 15:07
AI SUMMARY
●Thai authorities seize $8.6 million in equipment from illegal mining farms
●Operation reportedly funded Chinese scam networks
●Raid marks a significant enforcement action against illicit crypto infrastructure
Thai authorities have raided and dismantled a large-scale illegal Bitcoin mining operation, seizing equipment valued at approximately $8.6 million. The crackdown targeted facilities that were reportedly operating without proper authorization.
Investigations revealed that the mining operation was allegedly funding Chinese scam networks. This action highlights the growing regulatory scrutiny on illicit crypto infrastructure in the region.