On April 29, Thailand's Technology Crime Suppression Division (TCSD) conducted Operation Throw The Hook to dismantle the iGaming site muaypakyok.one, which offered table games, slots, fish shooting arcade games, and betting on Muay Thai. The operation also targeted the payment system Jaijaipay, which was operating without a license from the Bank of Thailand.
According to TCSD, Jaijaipay serviced over 600 iGaming sites. Investigators believe that player payments were funneled into accounts of shell companies and individuals, after which the network cashed out the funds and converted them into cryptocurrency to cover their tracks. The network's turnover reached $153.2 million per month.
The police conducted searches at three locations in Chiang Mai province, arresting 14 individuals and seizing computer equipment and other items. During the ongoing investigation, two members of a well-known street racing gang, who were profiting from iGaming sites and connecting them to Jaijaipay, were also arrested. Crypto influencer Vorachat, a developer of the system and one of its beneficiaries, was detained upon arrival at Suvarnabhumi Airport. Authorities confiscated cash, luxury cars, and jewelry worth a total of $949,700 from the suspects. They face charges of organizing illegal gambling activities and money laundering in conspiracy.