Disclaimer
This article is learning content, Any content on scrl.io is not investment advice.
***Please note that any projects appearing on our website It does not guarantee that any project will be safe and Smart Contract Audit / KYC is not an investment advice document. We are not responsible if any project is fraudulent / abandoned / exploited / scam.
Please read the legal details: https://scrl.io/legal
This article does not guarantee that every case that occurs will have the same chance of success. Such cases are not related to our audit / kyc products.
Some important information will be kept confidential during legal proceedings from the court.
The beginning of this case
This case is a Hybrid Scam, also known as a Romance Scam, where scammers use “pig-butchering” techniques to deceive victims into investing in fake cryptocurrency trading apps. They pose as trading partners and display fabricated profit pages generated from their own database. Initially, victims can withdraw both their investments and profits, but eventually, they are lured into investing more, leading to significant financial losses.
The victim contacted SECURI LAB (Thailand) for help and has now been rebranded to SCRL under the blockchain incident investigation product.
In August 2023, our CEO was approached by over 20 victims seeking help to trace their financial trails. In response, our CEO decided to assist free of charge and officially launched an investigation to support these victims.
Within a few days, additional victims reached out to our CEO, reporting similar scams but involving different fake app names. This prompted our CEO to intensify focus on the operation.
A major operation has begun and the mule accounts have been found in the first place.
We initiated a financial investigation using our tools and partners, which traced the funds to mule accounts connected to OKX VASPs (Virtual Asset Service Providers). We provided this information to the victims, who then submitted it to law enforcement agencies. As a result, the agencies received critical information for legal action, and SCRL is fully supporting them throughout the process.
From a small case to the discovery of the financial trail of a large transnational crime and money laundering organization
After launching a serious operation with law enforcement agencies in Thailand, we uncovered a related case. By utilizing and sharing the information we had, we developed a comprehensive map detailing every detected transaction. This ultimately led to the discovery of a significant money laundering operation.
A vast and intricate money laundering network involving multiple illegal activities
We uncovered the largest and most complex money laundering network, involving over $384,000,000 This network was tied to a wide range of illegal activities, including drug trafficking, illegal gambling, call center scam operations, and investment fraud schemes.
SCRL utilizes high-performance tools to analyze over 15,544 large-scale data transactions.
After completing the money laundering process, they moved the money to the suspects, then sold USDT to convert the money into baht via binance p2p and laundered the money through real estate, luxury cars, branded bags, watches, and cash. This money laundering is linked to the leader of the transnational crime group who is Chinese and lives in Thailand.