The post Thai Police Bust Seven Bitcoin Mines Linked to $156M Chinese Scam Operation appeared on BitcoinEthereumNews.com.

Key Notes Raids targeted Chinese-operated facilities using stolen electricity to fund cross-border criminal activities. Police traced approximately $156 million in illicit funds converted through cryptocurrency mining operations. Thailand intensifies enforcement with new regulations banning unlicensed exchanges and foreign P2P services. Thai police raided seven Bitcoin BTC $92 251 24h volatility: 0.1% Market cap: $1.84 T Vol. 24h: $69.85 B mining farms across Samut Sakhon and Uthai Thani provinces, seizing over 3,600 machines and equipment valued at 270 million baht ($8.4 million), and approximately 30 million baht ($936,826) in equipment. The operations connected to Chinese organized crime groups running transnational scams from Myanmar. Prime Minister Anutin Charnvirakul visited the sites to oversee the probe, which traced electricity theft losses to the state at 3 billion baht ($93 million) over three years, according to a local media report. Thai authorities have raided seven bitcoin mines worth an estimated 300 million baht in two provinces, saying they suspected the operations were run by Chinese transnational scam networks. Listen to the story or get the full story in the 1st comment. pic.twitter.com/Ha3zn1RlYD — Bangkok Post (@BangkokPostNews) December 4, 2025 Raids Uncover Mining Linked to Scam Networks Authorities targeted four warehouses and three homes in the raids on December 2. The sites used shipping containers with water-cooling systems and soundproofing to run the rigs nonstop. Investigators linked the setup to the “Chinese Grey” network, which funnels scam proceeds into Bitcoin mining. Police estimate the criminal group moved over 5 billion baht ($156 million) through digital assets. Earlier in 2025, a similar raid in Chon Buri seized 996 mining devices for power theft. The pattern shows foreign groups exploiting Thailand’s grid for crypto operations. These Criminal Activities Happen in a Similar Way in Malaysia Malaysia reported $1.1 billion in electricity losses to illegal Bitcoin mining since…

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Filed under: News - @ December 4, 2025 5:26 pm