Bengaluru, Sept. 15 -- Synopsis- Thousands of Thai citizens and businesses woke up recently to find their bank accounts frozen. This sudden freeze came as part of an aggressive anti-scam crackdown targeting millions of accounts suspected to be used by fraudsters.

The Bank of Thailand (BoT) and law enforcement agencies froze around three million bank accounts, imposing strict transfer limits to combat rising online scams. However, the crackdown has tangled innocent people and small merchants caught in the sweep, sparking frustration and renewed interest in alternatives like Bitcoin.

Frozen Accounts and Limits Hit Daily Transactions Hard The nationwide freeze started intensifying in August 2025, with over three million accounts flagged as...