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Thai Probe Seizes $28 M Crypto Mine, Warrants Fugitive Wang

6/25/2026

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Summary

Story summary

Thai investigators uncovered an illegal crypto-mining operation that used about $28 million of electricity.
The Department of Special Investigation issued an arrest warrant for businessman Wang Yicheng, who has fled Thailand.
Investigators traced $9.1 million to Wang’s wallet from pig-butchering scams in 2021-2022.
United States (U.S.) law enforcement seized about $500,000 from the same wallet in 2023 and named Wang a suspect in a fraud case.

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Story summary

Thai investigators uncovered an illegal crypto-mining operation that used about $28 million of electricity.
The Department of Special Investigation issued an arrest warrant for businessman Wang Yicheng, who has fled Thailand.
Investigators traced $9.1 million to Wang’s wallet from pig-butchering scams in 2021-2022.
United States (U.S.) law enforcement seized about $500,000 from the same wallet in 2023 and named Wang a suspect in a fraud case.