Thai Police Bust $14M Crypto Ponzi Mastermind in Bangkok
hai police raided a luxury three‑story house in Bangkok’s Wang Thonglang district and arrested Chinese national Liang Ai‑Bing. Authorities believe he was the mastermind behind a massive crypto Ponzi scheme. The operation reportedly targeted nearly 100 investors, mostly from China, lured by promises too good to be true.
At the heart of the case is a DeFi platform called FINTOCH, which ran from December 2022 until May 2023. The platform attracted attention by offering a suspiciously high return of 1 percent per day and claiming ties to Morgan Stanley.
That connection was completely fake, and Morgan Stanley quickly came out to deny any involvement.
On‑chain analysts dug into the data and found that the platform…
