Crypto Wallet Linked to 20-Year-Old Processed $122.5M

Interpol reported that a crypto wallet linked to a 20-year-old processed $122.5 million between January and October. Thai police arrested two people after tracing funds that moved through the wallet.

The agency clarified the $122.5 million figure refers to the total value that passed through the wallet during those 10 months, not the amount held there at any one time. Interpol did not identify the wallet, the blockchains or tokens involved, the portion derived from theft, or how much Thai authorities recovered.

Operation First Light combined cross-border intelligence sharing with on-the-ground enforcement. The operation ran from Jan. 15 through April 30 after an initial intelligence phase. Actions included coordinated raids, freezes of accounts and wallets, Interpol notices and requests submitted through I-GRIP, a mechanism used to block illicit flows in both fiat and virtual assets.

Interpol reported the operation covered 97 countries and territories, produced 5,811 arrests, intercepted $293 million in illicit assets and identified more than 142,000 victims.

Investigators reported the Thailand case involved cross-chain token swaps, which move value from one blockchain or asset to another. When transactions span multiple chains, analysts must assemble records from different ledgers and service providers before funds reach an off-ramp tied to a real-world identity.

Each token swap can add a technical and legal handoff, increasing the time and complexity of tracing. Peer-to-peer wallets and swap services can further complicate tracing because they may follow different recordkeeping and compliance practices.

The Financial Action Task Force in March 2026 recommended law-enforcement and supervisory bodies develop expertise in cross-chain mechanics, smart contracts and blockchain analytics, and strengthen monitoring of peer-to-peer risks.

Thai authorities used investigative and operational tools to disrupt networks and arrest suspects after following transfers and swaps through multiple services.