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‘Land of Smiles’ fast becoming ‘Land of Russian Crime’

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22 minutes ago, JackGats said:

Well, I guess Russians prefer to exchange Bitcoins rather than Rubles right now.

Tether USDT TRC20, not Bitcoins

Transfer happens in seconds globally - very convenient way of moving money.
On Binance platform there are P2P offers up to few millions THB
cool? Why police arrested some cheap-cheap tourist while this ?


Edited by NativeBob
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9 hours ago, Hamus Yaigh said:

>fast becoming ‘Land of Russian Crime’ 


Never saw that coming? #rhetorical

especially as there at 2.5 million  each, all of a sudden there wealth has increased  massively

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cryto exchange = money exchange = money laundering 🤣🤣👍

interesting way to avoid being licensed.

More like operating an underground banking system..🧐

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14 hours ago, snoop1130 said:



Maybe Thailand should rebrand its Land of Smiles moniker to the Land of Russian Crime after yet another Russian man was nabbed for criminal activity. Yesterday, a 36 year old Russian national added his name to a catalogue of former Soviet block criminals arrested for reportedly operating illegal activities.


Russian Ibragim Gaitukiev was arrested for allegedly running an unauthorised cryptocurrency exchange service on the popular tourist destination, Koh Pha Ngan, in Surat Thani, Thailand.


The location of his arrest was a property on Sri Thanu Beach in the Koh Pha Ngan district, as disclosed by Police Major General Sermphan Sirikhong, the head of the Surat Thani province.


This arrest resulted from an investigation focused on the en-samui.bitmonyekb.com website, which had been promoting the buying and selling of cryptocurrencies in Surat Thani’s Koh Samui and Koh Pha Ngan districts. The contact phone and WhatsApp numbers listed on the website were traced back to the bank accounts of Gaitukiev and another foreign individual, Maksim Variukhin, according to the province’s head of police.


The investigating officers discovered that the two foreign individuals served as executives for OM 118 Co, a company located on Koh Pha Ngan in Surat Thani. The company operated from a house on Sri Thanu beach, a well-known tourist hotspot. This building also housed a cannabis shop known as Plantasia cannabis collective, with a noticeable Bitcoin sign placed at the front, as per police reports.


Investigators hypothesised that this shop was the advertised location for the cryptocurrency exchange. Following this lead, they obtained a court-approved warrant from the Samui Provincial Court on a Wednesday to search the premises. The search was conducted the next day.


Gaitukiev was present during the search and identified himself as the owner of the shop. While the search of the cannabis shop revealed no illegal items, there were advertisements for cryptocurrency exchange within the premises.


Gaitukiev was consequently arrested for operating an illegal cryptocurrency exchange. Upon questioning, he reportedly confessed that he and Variukhin had been offering digital currency services to tourists.


Following his arrest, Gaitukiev was charged and moved to the Koh Pha Ngan Police Station for further legal proceedings. The police did not disclose any additional information regarding the other foreign national, Variukhin.


By Bob Scott

Caption: Picture of Russian man, Ibragim Gaitukiev, courtesy of Bangkok Post


Source: The Thaiger 2024-04-05


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There is something irritating in the headline.

Thailand is a land of crime anyway.

At the moment the Russians cleary have taken the lead, followed by Chinese and ......guess🙏

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My guess is the powers that be are doing a little house cleaning before they introduce their own digital currency... I wonder how much weed one can buy with 10,000 baht of digital currency?... :coffee1:

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10 minutes ago, Andycoops said:

Another failed visa policy from the Thai government, how else are these people living here.

Only through dodgy money but they still let them in.

Take Kazakhstan, a breeding found for islamist extremists.

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