Thai Bust Nets Five in Illicit $76M Crypto Scam
Thai financial authorities, in collaboration with international counterparts, apprehended five individuals implicated in a sprawling crypto scam, eclipsing $76 million in losses.
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Thai financial authorities, in collaboration with international counterparts, apprehended five individuals implicated in a sprawling crypto scam, eclipsing $76 million in losses.
The action appears to have been triggered by concerns about what Zipmex Thailand told the regulator about the interest payments it made.
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The agency is currently in the process of improving digital asset governance and the modifications are expected to mirror the supervision of international regulators.
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Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.
The investors affected by Zipmex's withdrawals' pause can submit information about their losses via an online forum on the Thai SEC’s official website.
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