According to reports, innocent people and companies have been trapped in crossfire, since Thai banks froze millions of suspicious accounts of being “mules” for scammers during the weekend.
National repression began in August, and weekend reports suggest that banks have frozen three million accounts and imposed daily transfer limits to all banking clients in the kingdom, according to reports.
However, the Cyber Crime (CCIB) Crime Investigation Office reported Sunday that the bank accounts of innocent vendors and merchants are also freezing after the scammers adopted new methods for washing the stolen money, according to The Bangkok Post.
Meanwhile, the Bank of Thailand warned that more people could face freezing as the authorities expand the dragnet and investigate mule accounts.
“We urge the public not to panic. The suspension is only temporary and will rise once the checks do not confirm irregularities,” said the Ministry of the Digital Economy and the Ministry of Society, Wisit Wisitsora-AT on Monday, and added that commercial banks can suspend the suspicious funds for up to three days, while the police can extend the suspension to seven days.
The Bank of Thailand only froze 3 million bank accounts during the night and is limited to transfers to $ 1.3K– $ 5.5K/day to fight the scams.
You can’t freeze bitcoin. pic.twitter.com/j4pztyd6cc
– Sasha Hodder (@sashahodler) September 14, 2025
The calls of calls affiliated with the Chinese, often based in neighboring countries, have addressed Thailand this year with online scams, attracting victims with social engineering attacks.
Earlier this month, the Thai police launched a full -time joint operation with Japan and India, as part of the ongoing efforts to dismantle the unions of the call center.
Attacked foreigners
The expatriates who reside in the country have taken to social networks and forums online in mass to complain about being undone or blocked of banking services in the country recently.
Several have seen their accounts in frozen or restricted specific banks arbitrarily for weeks without explanation. Resident foreigners now have to register their biometry in their local bank in person and follow strict procedures of their customers to make larger transactions with mobile applications.
Bitcoin could be the answer
“Thank you, Bot, for Bitcoin’s free marketing,” said the crypt and technology investor Daniel Batten in response to the news.
“This should be an international history. Thank God for Bitcoin,” said Jimmy Kostro del Thailand Bitcoin Learning Center.
Related: American banks moved $ 312b in dirty money, but critics still blame cryptography
However, affected Thai residents could have problems under current laws. While Bitcoin and Crypto trade remain popular in Thailand, the Central Bank has banned the use of digital currency for payments.
Thai Central Bank in Conversations for Alternative Solution
The limits of 50,000 Baht ($ 1,570) were imposed in August for all banks throughout the country in response to a fraud wave at the call center with scammers that use mule accounts to wash money.
Some merchants have stopped temporarily accepting QR payments, while account holders are withdrawing funds for fear of possible freezing.
In the midst of a growing public concern, the Central Bank Thai has maintained discussions with the CCIB in an alternative solution for the freezing process of the account and the transfer limits for the holders of respectful accounts of the law.
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