Bangkok’s luxury properties raided in expansive search for cryptocurrency fraudsters

[webfact]

 

In an international operation named ‘Trust No One,’ the Thai Cyber Police launched an extensive quest for cryptocurrency fraudsters involved in a worldwide scam worth billions. The second phase of the operation led to a dramatic search in upmarket properties across Bangkok today, revealing stunning details about a Chinese couple’s involvement in the fraud.

 

The Cyber Police, led by Damrongsak Kittiprapas and Roy Ingpairoj, orchestrated the investigation’s second phase, leading a task force in 10 locations across Bangkok, Samut Prakan, and Chon Buri. The operations focused mostly on locating crucial evidence linked to the scam.

 

In a spectacular episode of the operation, the team stormed into a 37-floor luxury condo in the Sathorn district, worth an estimated 128 million baht (US$3,635,693). The dwelling, decked out in exorbitant fittings, was home to Abin Ye, the husband of Keyi Ye, also known as Ki Yee Ye. Both of Chinese nationality, the couple were the primary suspects in the case, earlier apprehended following an arrest warrant issued by the Criminal Court on May 26, for their involvement in defrauding the public and money laundering, reported KhaoSod.

Abin had also been declared an international fugitive by Interpol for his alleged participation in deceiving Chinese citizens out of more than 180 million yuan, approximately 900 million baht (US$25,582,716). 

 

By Nattapong Westwood

Picture courtesy of Dailynews - เดลินิวส์ออนไลน์ Facebook

 

Full story: https://thethaiger.com/hot-news/crime/bangkoks-luxury-properties-raided-in-expansive-search-for-cryptocurrency-fraudsters-involved-in-billion-baht-scam

 

-- © Copyright Thaiger 2023-06-27

 

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[RAZZELL]

Can't be many condos with 37+ floors?

[TallGuyJohninBKK]

And is too often the case with Thai news reports, absolutely no mention of the custody status or location of the key suspects....  Who from this report, seem to have been previously arrested on related charges.

 

And no explanation of why the police are only executing search warrants now.... as opposed to when the couple were originally arrested.

 

 

[Burma Bill]

4 hours ago, webfact said:

Thai Cyber Police launched an extensive quest for cryptocurrency fraudsters involved in a worldwide scam worth billions.

Any North Koreans living in Thailand?

 

North Korea-backed hackers stole $1.7bn (£1.4bn) of crypto in 2022,.................................The loot also made up 44% of the $3.8bn stolen in crypto hacks last year........................................the biggest year ever for crypto hacking.........................is turning to crypto theft to fund its nuclear arsenal.

https://www.bbc.com/news/world-asia-64494094

[PETERTHEEATER]

9 hours ago, webfact said:

In a spectacular episode of the operation, the team stormed into a 37-floor luxury condo in the Sathorn district, worth an estimated 128 million baht

I would rate that a cheap condo building, especially in Sathorn.