Thailand arrests crypto exchange suspect in 500m yuan laundering case

Thai immigration police have arrested a 37-year-old Chinese man accused of exchanging cryptocurrency and foreign currency for a laundering network linked to more than 500 million yuan in transactions. Police linked the alleged laundering network to more than 133 bank accounts. Investigators accused Wu of exchanging cryptocurrency and foreign currency for criminal groups. Thai officers charged him with overstaying his permission by nearly four years. Authorities plan to coordinate his return to China over an outstanding arrest warrant. The Nation reported on Oct.