Authorities in Thailand have arrested suspects linked to an unlicensed Worldcoin exchange in Bangkok following a joint raid by the Securities and Exchange Commission (SEC) and the Cyber Crime Investigation Bureau (CCIB) at an iris scanning site.
The operation on 24 October 2025 targeted Worldcoin (WLD) exchange services suspected of operating without a license.
SEC Deputy Secretary-General Jomkwan Kongsakul said,
“This collaboration will enhance the effectiveness of law enforcement in prosecuting and suppressing unlicensed digital asset businesses, while protecting users from lack of legal protection and mitigating risks of scams and money laundering.”
The SEC earlier warned the public against exchanging WLD coins through unlicensed operators and urged users to verify whether providers are registered.
It said it continues to monitor digital asset services and promotional activities for compliance, stressing that operators must not engage in or support illegal activity.
Investors are advised to use only licensed platforms listed on the SEC website and the “SEC Check First” app.
Reports of suspicious activity can be made via the SEC Complaint Center hotline 1207, its Facebook page, or live chat on the SEC website.
Under Section 66 of the Digital Asset Businesses Law, operating without a license carries two to five years in prison, fines of 200,000 to 500,000 baht, and a daily fine of up to 10,000 baht for continued violations.
Featured image: Edited by Fintech News Singapore, based on image by EyeEm via Freepik
