Thai-FBI Operation Recovers $432,000 in Crypto From Alleged European Hacker

Overview

An operation known as “Operation 293” has successfully recovered a significant amount of cryptocurrency, totaling $432,000, from an alleged European hacker. This recovery was aimed at returning the digital assets to victims in Thailand.

Details of the Operation

The operation, which was conducted by Thai authorities in collaboration with law enforcement agencies, resulted in the return of the recovered digital assets to the victims on a Monday. The focus of the operation was to address the financial losses incurred by individuals in Thailand due to the actions of the alleged hacker.

Impact on the crypto market

• The successful recovery of cryptocurrency highlights the ongoing efforts by law enforcement to combat cybercrime.
• Victims receiving their assets back may increase confidence in the security of digital currencies.
• The operation underscores the importance of international cooperation in addressing cyber-related crimes.
• Such recoveries may serve as a deterrent to potential hackers and cybercriminals.
• The incident may lead to increased scrutiny and regulatory measures in the cryptocurrency space.

Updated: 11/13/2025, 3:29:04 PM