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Thailand arrests two Chinese nationals over alleged $92M crypto scam

Thailand arrests two Chinese nationals over alleged $92M crypto scam

Thai police have arrested two Chinese nationals accused of involvement in a cryptocurrency investment pyramid scheme that allegedly caused more than 3.2 billion baht ($92 million) in losses.

Summary

  • Thai immigration police arrested two Chinese nationals in Bangkok on November 12 over an alleged cryptocurrency investment pyramid scheme.
  • Chinese authorities linked the alleged scheme to losses exceeding 3.2 billion baht, approximately $92 million.
  • The suspects, aged 52 and 28, were wanted under Chinese arrest warrants dated December 18, 2025.
  • Investigators traced the pair to a Bangkok condominium using travel and accommodation records.
  • Thailand revoked both suspects’…

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