Crypto operators freeze 10,000 suspect accounts

Crypto operators freeze 10,000 suspect accounts

Thailand's digital asset industry has intensified efforts to combat money laundering through mule accounts, with more than 10,000 suspicious accounts frozen under a newly enforced "Speed Bump" measure, according to the Thai Digital Asset Operators Trade Association (TDO).

Thailand Locks Down Over 10,000 Cryptocurrency Accounts in Anti-Money Laundering Operation

Quick Overview Thai authorities suspend over 10,000 cryptocurrency accounts linked to illicit activity. Enhanced KYC protocols implemented to verify users and delay risky transactions. Sophisticated monitoring systems detect and halt questionable crypto movements. Government agencies, financial institutions, and crypto platforms collaborate on compliance. Initiative designed to prevent criminal exploitation and strengthen market integrity. Thai…

Thailand Targets Crypto Mule Accounts Linked to Scams, Illegal Transfers as Authorities Freeze 10,000 Wallets

Thai crypto operators have frozen more than 10,000 accounts suspected of involvement in money laundering and scam-related transactions. The move follows tighter screening measures introduced by regulators and industry groups. Authorities say enhanced monitoring, stronger Know Your Customer procedures, and data sharing between exchanges, banks, and law enforcement helped identify suspicious activity across multiple platforms.

Thailand crypto platforms freeze 10K accounts in AML crackdown: Report

Thai crypto operators reportedly froze 10,000 suspected “mule accounts” as new AML checks and transfer delays took effect in a wider anti-fraud push.