Thailand's DSI raided 24 locations in Bangkok and nearby provinces, seizing over $2 million in cash, five luxury cars, 113 watches, and four cryptocurrency hardware wallets linked to an unauthorized forex investment scheme involving offshore brokers and public figures.
Thai authorities issued an arrest warrant for Wang Yicheng over an illegal crypto mining operation tied to nearly $28 million in electricity use and suspected links to cross-border scams, money laundering, and online gambling.
Thai investigators issued an arrest warrant for Wang Yicheng, alleging he helped run an illegal crypto mining network that used stolen electricity and laundered proceeds from scams and online gambling.
The UK government reshaped its technology apparatus within days of Prime Minister Andy Burnham taking office, abolishing the Department for Science, Innovation and Technology (DSIT) while elevating AI to Cabinet level for the first time through the appointment of Kanishka Narayan as AI minister. The move came in the same week that the National Audit Office said the government lacked a consistent method for calculating efficiency gains tied to digital transformation and AI, including a widely cited claim that those efforts could save £45 billion a year. The restructuring split DSIT’s functions across a new business-focused department, the Cabinet Office and the renamed culture and digital department. That drew criticism from UK tech groups including techUK and Startup Coalition, which warned the shake-up could slow work on the AI Security Institute, sovereign AI funding, GDS and UKRI. The article also contrasts the government’s decision to scrap Brit Card, a digital ID scheme once estimated by the Office for Budget Responsibility to cost £1.8 billion over three years, with its continued reliance on the far less concrete £45 billion savings figure. At the center of the debate is not only how governments organize AI policy, but how political systems treat hard costs and projected savings very differently.
Thai authorities have dismantled multiple illegal Bitcoin mining operations across several provinces, citing large-scale electricity theft, tampered meters, and public safety risks. The cases highlight rising regulatory pressure on non-compliant crypto mining.
Thai authorities have intensified their crackdown on illegal Bitcoin mining, seizing thousands of rigs and uncovering large-scale electricity theft across several provinces. The cases highlight growing concerns over power fraud, fire hazards, and pressure on the grid.
Thailand's Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of participating in a transnational network that laundered proceeds from fraud and online gambling through illegal cryptocurrency mining. Wang was charged in November 2025 with theft and violating the Computer Crime Act, and is believed to have fled the country. Thai authorities are collaborating with international law enforcement to locate him.
Thailand's Department of Special Investigation (DSI) has widened its inquiry into a 'gray Chinese capital' network allegedly using illegal crypto mining to launder money from phone scams and online gambling, with annual proceeds exceeding 30 billion Thai baht ($300 million). Authorities have seized 6,390 mining rigs and issued arrest warrants for eight individuals, including four Chinese financiers.
