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CoinWorld News reports that on-chain analysis company Elliptic stated that it collaborated with Thailand's Royal Police High-Tech Crime Division (HTCD) to analyze over 500 suspicious crypto wallets, with related victim losses approaching $14 million, and through on-chain analysis, these wallets were linked to a broader range of suspicious activities, with approximately $520 million in funds associated with the addresses. Elliptic said that the related activities involve crypto theft, professional money laundering, investment and romance scams, "pig butchering" scams, and addresses related to scam zones in Myanmar and Cambodia, with fund distribution across 32 blockchains and over 400 assets, the most common being USDT, and also involving ETH, BTC, and others.