Thailand has seen one of the largest increases in cryptocurrency-related investment losses globally, with more than 1,000 data requests for investigations over the past three years, according to Binance. The losses stem from investment fraud, account hacking, and money laundering, as traders increasingly convert fiat currency to stablecoins before transferring funds overseas. Binance has been coordinating with cyber police to track illicit activities and enhance security through identity verification and investor education. Gulf Binance CEO Nirun Fuwattananukul emphasised the need for collaboration among financial institutions, regulators, and law enforcement to combat crypto-related crimes while maintaining Thailand’s position as a digital finance leader.