Bitcoin In Thailand

[Coss]

A cryptocurrency crash triggered by Donald Trump’s threat of 100% tariffs on China has unleashed fresh claims of insider trading.

There is growing anger among crypto investors after reports claimed that an anonymous investor made up to US$200 million ($347m) by betting that the world’s two biggest digital currencies would fall.

It has been alleged that the trader lodged their so-called short position in Bitcoin and Ether around 30 minutes before the US President announced plans to levy fresh tariffs on China.

Not only did Trump’s threat reignite a trade war between the two countries, but it also rattled markets and led to around US$400 billion being wiped off the value of the crypto market in less than 24 hours.

The timing of the investor’s short position has since raised questions over whether they were privy to inside information from the White House.  LINK

 

Grifters gonna grift...

[Old Hippie]

“Facts” tend to speak for themselves, yet the dump ignores these facts and continues to try and lie his way out of the mess he created with these tariffs and other economic BS…last week he mouthed off again and the market went to shit for a day…we will see what happens tomorrow… Insider trading and market manipulation should come as no surprise to anyone. Oddly, his minions continue to bury their heads in the sand…

[bust]

I read somewhere.

The US government has seized more than $US14 billion ($21.6 billion) in bitcoin and charged the founder of a Cambodian conglomerate over an alleged massive cryptocurrency scam.

My question is what gives the US government the authority considering it's in a foreign country.

[Coss]

I would imagine that the wallet/key/secretpasswords to said billions, were kept on servers, physically in the, or under control of, the USA.

I still avoid any cloud, I have a three tier offline archive and backup.

Though I do use internet banking, so I'm fucked if that is compromised.

Cash under the mattress doesn't work in the modern world.

But when the end comes, cash will be king.

Chap I knew died in Laos not too long ago, he had 2.5 Kg of gold buried under a tree, that only his brother knew about. I only knew he had it, not which tree or which property in which country.

[Old Hippie]

15 hours ago, bust said:

I read somewhere.

The US government has seized more than $US14 billion ($21.6 billion) in bitcoin and charged the founder of a Cambodian conglomerate over an alleged massive cryptocurrency scam.

My question is what gives the US government the authority considering it's in a foreign country.

A few reasons/scenarios here… 1) somehow, some way, as Coss suggested, there is a physical connection to the USA. Servers stored, or as simple as the scammers hit people who were within the USA. Or 2)The dump didn’t want competition to his scam crypto so he violated international law and took action, much the way he keeps taking out “drug boats” in South America…

[Mekong]

I’d side with option 2 

[Coss]

 

[Coss]

Thailand’s largest crypto exchange moves to disable website withdrawals from 10 February after a user lost $7,400 to suspected desktop malware.

In a decisive move to curb rising cybercrime, Bitkub Online has announced it will permanently disable coin withdrawal services via its website (www.bitkub.com) for all Thai customers. 

The suspension, effective from 10 February 2026, marks a significant shift in the platform’s security strategy as it pushes users toward more secure mobile app environments.

The policy change follows a high-profile incident reported within the Bitcoin Thai Community on 4 February. A retail investor claimed their digital wallet had been "hacked," resulting in the loss of 250,000 baht (approximately $7,400). 

The victim’s plea for fellow investors to adopt Two-Factor Authentication (2FA) and cold storage solutions quickly went viral, prompting an immediate response from the exchange.

Desktop Vulnerabilities Targeted

Technical analysts within the crypto community suggest the theft was not a breach of Bitkub’s central servers, but rather a targeted phishing attack on the user’s personal computer. 

Scammers have reportedly been circulating links to fraudulent "Bitkub Desktop" software or "free coin" giveaways.

Once a user downloads these malicious programmes, attackers gain remote access to their email accounts and private credentials. 

Industry experts have long warned that transacting via traditional web browsers on a PC carries a higher risk of "Session Hijacking" compared to the encrypted environments of dedicated mobile applications. ...

LINK

[Coss]

I'm watching this for a friend (no, truly) whose spare cash went into Bitcoin.  

Apart from the similarities to the apocryphal Dutch Tulip story, there is other risk, I am seeing in other matters.

From a comment of a "financial advisor" who gets paid for this kind of advice, "It's spookily tied to Trump's fortunes".

Got me thinking. So Trump/family/sycophants/anyone in his orbit, all piled into that family's crypto ventures.

We can see this as a convenient way to pay Trump bribes - but what happens when their crypto scam, worth crashes?

Does it take down other crypto flavours?

If we all invest in Orange Tulips, does the inevitable crash affect Red or Blue Tulips too? 

I think it will.

And Roses, and Daffodils.

Cat food looks like a good future, it's all we're going to be able to afford to eat.

[Coss]

Gold - the Nation LINK

Gold rose about 2% as the dollar fell; investors eye US jobs, CPI and jobless claims for Fed rate clues. Silver also surged.

Gold and silver prices jumped overnight as the US dollar weakened, with investors focusing on US employment data that is expected to come in softer.

Reuters reported that gold rose about 2% on Monday (February 9, 2026), supported by a weaker dollar, as investors prepared for a week packed with US economic data that could offer further signals on the US Federal Reserve’s monetary policy.

Spot gold climbed to around $5,056 per ounce in late US trade, extending gains after a sharp rise in the previous session. US gold futures for April delivery ended the session about 2% higher at $5,079.40 per ounce.....