Economy
TrueMoney Addresses Fraud Case Involving Million-Baht Loss
TrueMoney has issued a statement regarding a reported million-baht fraud case, clarifying that their internal systems show no record of the platform being used in the incident.
According to a report by Matichon Online on August 28, 2026, the digital payment provider TrueMoney has responded to recent news concerning a victim who allegedly lost over one million baht to scammers. The company conducted an internal investigation following the reports and stated that they found no history of the TrueMoney platform being utilized in the transactions described by the victim.
For residents and travelers in Thailand, this incident highlights the ongoing prevalence of sophisticated financial scams targeting digital wallet users. While TrueMoney has distanced its platform from this specific case, the situation serves as a reminder to remain vigilant when conducting online financial transactions. Users are encouraged to verify the legitimacy of payment requests and to be cautious of unsolicited communications that demand urgent fund transfers.
At this stage, the details regarding how the funds were actually transferred remain to be confirmed by the relevant authorities. As the investigation into the fraud continues, it is unclear whether the scammers falsely claimed to be using the TrueMoney system or if the victim was misled through other channels. The company has indicated its willingness to cooperate with law enforcement to resolve the matter.