Thailand and Singapore dismantle large-scale fraud rings

QNgTV- Thailand and Singapore simultaneously launched campaigns to crack down on transnational fraud crimes, seizing large amounts of assets and arresting hundreds of suspects.

Thailand and Singapore dismantle large-scale fraud rings

Thailand’s Department of Special Investigation said it has conducted seven raids on suspected bitcoin “mines” run by a fraud network originating from Myanmar, with an estimated 5 billion baht in illegal transactions. More than 3,500 devices were seized and 300 million baht in assets were frozen.

In Singapore, police arrested more than 250 suspects in a two-week operation involving impersonation of officials and online scams, causing losses of about $4.6 million.

Officials from both countries said that high-tech crimes are becoming more sophisticated, requiring closer international cooperation. Thailand plans to host an international conference on online fraud prevention for two days, December 17 and 18.

Source: https://quangngaitv.vn/thai-lan-singapore-triet-pha-cac-duong-day-lua-dao-quy-mo-lon-6511360.html