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Thai Police Arrest Cryptocurrency Laundering Kingpin
Thai Immigration Police arrested Wu Chaoshuai, a Chinese national who entered the country on a tourist visa in 2019 and evaded arrest. Wu allegedly led a cryptocurrency laundering ring that moved over $74 million for a transnational criminal organization. Thai authorities announced the arrest of Wu, who managed 133 accounts and processed over $74 million in transactions, and will be charged with remaining in Thailand after his visa expired. The case involves the actions of several Thai immigration police officials and coordination with Chinese authorities for his extradition.