Thai police have accepted fraud complaints against the Space project and have launched a formal investigation.
According to Foresight News, documents from the Royal Thai Police Investigation Bureau indicate that Thai police have accepted and recorded a fraud complaint against the leveraged prediction market Space. The complainant alleges that the project lured investors with promises of high returns, ultimately leading to significant financial losses for the victims. The case has now entered formal investigation procedures.
FlashRescue co-founder Darcy posted on Twitter that during on-chain monitoring, they observed funds related to the case flowing into multiple exchange deposit addresses and promptly triggered a risk alert. Due to time differences, Thai law enforcement agencies have not yet been able to issue a formal freeze order to exchanges in a timely manner. To prevent further dispersal of the involved funds, they have submitted emergency freeze requests to certain exchanges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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