Thai Police Pull the Plug on SMS Scammers and Crypto Cabal: A $30M Bust!
Thai police arrested SMS blaster operators in a smishing scam and busted a crypto laundering gang moving $30M monthly. It’s like catching the small fry and the big fish in one net—where scam artists use “expiring loyalty points” as bait, and the crypto syndicate turns fake investments into a cash waterfall.
Hot Take:
Looks like Thai police are taking the “SMS” out of “smishing” and putting the “crypt” in “cryptocurrency” busts! With tech-savvy cops and a knack for sniffing out cyber-sneaks, Thailand’s law enforcement is giving scammers and money launderers a run for their illicit loot. Who knew crime-fighting could be so high-tech and international? Just add a little blockchain and you’ve got yourself a modern-day police drama, minus the car chases but with double the digital sleuthing!
Key Points:
– Thai police arrested two young men in Bangkok with an SMS blaster device capable of sending 20,000 scam messages daily.
– The smishing scam involved directing victims to fraudulent websites to steal banking information.
– Operation Skyfall dismantled a money laundering network moving $30 million monthly through cross-border crypto transactions.
– Collaboration with Binance was crucial in tracing illicit funds through digital currency channels.
– 28 arrest warrants were issued, and cash worth $1.4 million was seized from Myanmar nationals involved in the scheme.