Тайские власти конфискуют майнинг-оборудование на $8,6 млн, связывая его с китайскими мошенниками Translation: Thai authorities confiscate $8.6 million in mining equipment, linking it to Chinese scammers.

Thai authorities have seized Bitcoin mining equipment valued at $8.6 million (300 million baht) from seven organizations suspected of funding fraudulent groups in China. This report was released by the Bangkok Post.

The Department of Special Investigations confiscated 3,642 mining devices along with related electrical equipment during the raids.

According to investigators, the majority of the seized equipment was located in soundproof containers equipped with cooling systems.

Law enforcement tracked the operations back to a scam group based in Myanmar, which is believed to be responsible for fraud incidents totaling over $140 million. Thai authorities have reached out to China for assistance in the ongoing investigation.

The police believe that mining enabled the criminals to achieve two objectives: turning stolen electricity into profit and laundering illicit funds through digital assets.

Cybercrime consultant David Sehen Beck stated in a comment to Decrypt that labeling them as «Chinese scam groups» oversimplifies the threat.

«The same networks responsible for fraudulent operations involving forced labor are now investing in physical infrastructure — data centers, complexes, and crypto miners — as this makes the entire operation more resilient,» he explained.

Notably, in October, nearly 700 people escaped from the fraudulent complex KK Park in Myanmar following a military raid.