Interpol links $122.5M wallet flow to Thailand fraud case

Interpol says a crypto wallet tied to a 20-year-old fraud suspect moved more than $122.5 million in 10 months, a reminder that cross-chain activity can make fraud proceeds harder to trace before they reach a cash-out point.

The wallet was part of a Thai money-laundering investigation tied to romance scams. Police in Thailand arrested two people in the case. According to Interpol, the funds were routed through crypto and cross-chain token swaps, which were used to blur the transaction trail. The agency said the $122.5 million figure reflects total volume processed by the wallet over that period, not an amount held there at one time.

Interpol did not identify the wallet, name the tokens or blockchains involved, say how much of the flow came from stolen funds, or disclose how much Thai authorities recovered.

The case was one piece of Operation First Light 2026, a coordinated enforcement effort across 97 countries and territories. Interpol reported 5,811 arrests, $293 million in intercepted illicit assets, and more than 142,000 identified victims. The operation ran from Jan. 15 to April 30 after an initial intelligence-gathering phase and used account and wallet freezes, raids, notices, and I-GRIP requests to block illicit flows in fiat and virtual assets.