Thailand probes $300M illegal crypto mining op tied to Chinese crime ring

Thailand's Department of Special Investigation (DSI) has expanded its probe into illegal cryptocurrency mining, Decrypt reported. The DSI is tracking a financial network believed to be connected to a criminal organization with Chinese roots, with annual transactions exceeding 10 billion baht (approximately $300 million). The probe began during a crackdown on mining farms using illegal electricity, which led to the dismantling of three mining groups and the seizure of more than 6,390 mining rigs.