With its large user base, the company must combat bad actors on its own, collaborating with local law enforcement authorities. "Last year we received more than 47,000 requests from law enforcement agencies, and the number will be even higher this year," said Mr Jakubcek. Law enforcement must adapt to keep pace with dynamic trends, especially in the cryptocurrency world," he said. These schemes have resulted in victims losing from 10 million baht to 100 million baht, said Pol Col Thanathas. Pol Col Thanathas warned crypto users not to electronically store their digital wallet's private keys, as hackers can potentially access them.

Source: Bangkok Post December 23, 2023 17:51 UTC