According to Thailand Headline News Agency, on September 12, the Thai police launched the fifth operation codenamed "Trust No One" to combat transnational cryptocurrency fraud gangs. The operation covered 25 areas in Bangkok and took a carpet search.

In this operation, the police searched the 4th and 5th floors of a luxury hotel in Rama 9, Bangkok, and successfully arrested a Chinese couple, Zhang, 54, and Zhou, 29. The police also seized 4 million baht in cash, ownership documents of 3 luxury apartments worth more than 44 million baht, 3 cars, bank passbooks, iPads, 100 sacks, and a large number of passports, including those from China, Cambodia, and Vanuatu.

Another operation point was located in Phra Khanong area, where police arrested a Chinese man named Liu and seized a large number of relevant documents.

Lieutenant General Worawa of the Information Technology Crime Investigation Center pointed out that the cause of this operation can be traced back to the first operation of the global transnational cryptocurrency fraud crackdown earlier. In the first operation, the police searched six locations in the Srinakarin area of ​​Bangkok and arrested Chinese suspects suspected of defrauding the public and money laundering. At the same time, the police found that the victims were spread all over the world, with a total loss of up to 10 billion baht.

The police lieutenant general of Worawa pointed out that the suspects arrested this time were related to the suspects arrested previously. Their task was to convert the funds obtained from the fraud into digital currency, and then exchange them into cash, and keep the difference for themselves. The investigation team has solid evidence that the suspects put the cash in sacks to carry out illegal activities.

However, it is important to note that among the Chinese couple arrested on Rama 9 Road, the Chinese man held a Cambodian passport. After a background check, the police found that Zhang had an arrest warrant from the Chinese government and tried to evade arrest in Thailand using passports from other countries.

Meanwhile, National Police Commissioner General Danrongsak and Deputy Commissioner General Dosa plan to seize all the suspects' assets so they can be handed over to the Anti-Money Laundering Office for review. They will also arrange for the return of seized assets to the victims. Details of the return of assets will be made public by the Anti-Money Laundering Office so that victims can submit requests for the return of assets by September 15, and the results of the return will be announced on September 18.

The money is all packed in sacks. Friends in the cryptocurrency circle must keep their eyes open and not go to any small platforms or fake platforms. Asset safety comes first.