Internet reports that Thailand's Economic Crimes Suppression Division (ECD) recently raided five unlicensed cryptocurrency companies in Bangkok, Pho Thong Province and Samut Prakan Province, arresting 11 people involved in the case. The operation targeted illegal cryptocurrency trading activities, with the annual transaction volume of the company involved reaching 1 billion baht (approximately US$29.3 million). The police seized six computers and related evidence at the scene. The arrested people included company executives and ordinary employees. ECD Commander Thatphum Jaruprat said that the case is still under further investigation and the Thai authorities will continue to crack down on illegal financial activities and maintain market order.