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Thailand Freezes Over 10,000 Crypto Accounts in Coordinated Money-Laundering Crackdown

Tighter KYC with new data-sharing enabled licensed platforms to halt suspected mule wallets before transfers complete.

Overview

  • Licensed digital-asset operators locked more than 10,000 accounts after enhanced screening flagged suspected mule activity, according to industry leaders.
  • Thailand’s SEC worked alongside the Bank of Thailand, AMLO, the Cyber Crime Investigation Bureau, and the Thai Digital Asset Operators Trade Association in a unified push.
  • Exchanges rolled out automated monitoring that flags unusual patterns, blocks risky transfers pre-settlement, and triggers extra identity checks for high-risk moves.
  • Authorities broadened Travel Rule compliance, requiring platforms to collect and transmit sender and recipient details for wallet-to-wallet transactions.
  • The operation extends a 2025 enforcement wave that froze nearly 48,000 accounts and seeks to deter abuse while reinforcing trust in the regulated crypto market.