Crypto Launderer Arrested in Bangkok for Aiding Call Centre Scam Syndicate

Picture courtesy of Khaosod.

Thai cybercrime authorities have arrested a 28-year-old man in connection with a major money laundering operation linked to a notorious call centre scam syndicate and illegal online gambling networks, involving the exchange of over 300 million baht worth of illicit cryptocurrency.

Mr Supakorn, also known as “Tee”, was apprehended by officers from the Technology Crime Suppression Division (TCSD) at a building on Phahonyothin Road in the Chatuchak district of Bangkok. The arrest was made under a warrant issued by the Criminal Court (No. 2996/2568, dated 23 May 2025).

The suspect faces multiple charges, including public fraud by impersonation, inputting false data into computer systems, money laundering and being part of a criminal organisation.

Police investigation revealed that Supakorn acted as a key money launderer for a scam ring responsible for defrauding victims through fake cryptocurrency investment platforms, including one called “FOX Wallet” hosted at a fraudulent website: https://foxwallet-co.co-cash.com. One known victim reportedly lost 1.8 million baht after being lured via TikTok to invest in the scam.

Authorities found that funds were being laundered through various methods, immediate cash withdrawals from “mule” bank accounts, transfers via TrueMoney Wallet and conversion into cryptocurrencies, notably USDT (Tether). The ill-gotten funds were then used to purchase luxury cars and other high-value assets.

Supakorn is alleged to have exchanged over 30 million baht worth of illicit funds into USDT, transferring the cryptocurrency into wallets controlled by Chinese ringleaders. Police uncovered evidence of transactions involving multiple personal and mule accounts, with total circulation in illegal USDT trades exceeding 300 million baht.

This operation was part of a broader crackdown dubbed “FOX Hunt,” which previously led to the arrest of eight individuals, both Thai and Chinese nationals, and the seizure of over 3 million baht in assets.

Although Supakorn denies knowledge that the funds came from fraudulent activity, investigators believe he was fully aware of the criminal origins of the money, citing the high frequency and large volume of suspicious transactions using various accounts.

He has been handed over to investigators for formal legal proceedings.

  Adapted by Asean Now from Khaosod 2025-05-30.