Police in Thailand have arrested a young couple for their alleged involvement in a large scale cryptocurrency scam.
The two suspects, Samruay and Amornsiri, who are husband and wife, were apprehended and taken into custody in Nakhon Ratchasima province. The authorities have accused them of creating bank accounts that were used to transfer the money stolen from the defrauded cryptocurrency investment scheme.
According to cybercrime investigators, the couple admitted they were paid 5,000 baht (Thai currency) each to open the accounts. They had to travel to Cambodia to have their faces scanned, as large money transfers require facial recognition access to the accounts.
Police said that the accused couple acted as intermediaries to hide the origins of this cash which was acquired fraudulently through crypto scams before it was moved into their bank accounts.
Furthermore, authorities have already seized over 125 million baht in assets from cryptocurrency scam cases during the operation. The couple faces charges of fraud, computer crimes, and money laundering. Following this, the Bureau warned that enabling financial transactions for criminal groups could result in harsh legal penalties.
Also Read: HKMA Alerts Public of Unregulated ‘Kucoin’ Crypto Scam
