Thailand Freezes Over 10,000 Crypto Accounts in Anti-Money Laundering Crackdown

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Thai crypto platform operators have reportedly frozen more than 10,000 accounts suspected of being used to launder illicit funds, as authorities intensify efforts to tackle so-called mule accounts. The move followed stricter screening procedures and additional Know Your Customer checks introduced across the country’s digital asset platforms.

According to Thai Digital Asset Operators Trade Association chairman Att Thongyai Asavanund, the enhanced monitoring helped exchanges quickly identify suspicious activity. The crackdown builds on earlier initiatives led by the Thailand Securities and Exchange Commission and industry groups aimed at strengthening oversight and reducing crypto-related financial crime.

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stricter KYC + monitoring finally some accountability in crypto ops