Thai police smashed USDT money laundering ring and lost about 15.68 million baht to a victim

On July 20, according to Thailand's "DailyNews" report, Thai police arrested two suspects suspected of participating in a fraud gang. Among them, a 29-year-old China man was accused of managing USDT and main accounts through Telegram, and a 22-year-old Thai woman used Binance to convert digital assets into Thai baht and transfer funds. Police said one victim was deceived into delivering cash and transferring money totaling approximately 15.68 million baht, or approximately 480,000 US dollars.