<p>In a bold move against illegal crypto activities, Thai authorities have confiscated over 650 crypto mining devices valued at over $5 million. This significant operation targeted two locations harboring hidden mining rigs, including one shockingly set up within a temple. The raids, orchestrated by the Cyber Crime Investigations Bureau and the Provincial <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/">Electricity</a> Authority, were informed by substantial power consumption discrepancies, hinting at the illicit operations, according to <a href="https://dailycoin.com/thailand-crypto-mining-crackdown-nabs-devices-worth-over-5m/">Dailycoin</a>.</p> 
<p>The bust not only uncovered devices but also involved the arrest of three individuals responsible for managing these operations. The accused admitted to importing the devices from <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/">China</a> and offering them for sale or lease in Thailand, including <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/">hosting</a> services that covered electricity charges for a monthly fee.</p>

Thailand’s Crypto Clampdown Leads to Multi-Million Dollar Seizure

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