A seasoned venture capital executive in Thailand has been outed for taking millions of dollars in what turned out to be a cryptocurrency investment scam.

Kampanat Vimolnoht, known as Jom, was a well-known VC in Thailand, helming Kasikorn Bank’s $100 million Web3 fund. But a report from Scamurai shed light on his dark side. He collected millions of dollars from industry colleagues, friends and others who wanted to invest in promising crypto deals, only to disappear last November with no returns.

Scamurai said more than two dozen individuals were convinced into giving Jom money, some sending multiple six-figure US dollar amounts. All of which has disappeared without trace. Worse still, the individuals who invested through Jom found that,…