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Bangkok Bust Unveils $31 Million Cryptocurrency Fraudulent Scheme

Bangkok Arrest Exposes $31 Million Crypto Ponzi Scheme Bangkok, Thailand – In a significant crackdown on cryptocurrency fraud, Thai authorities have detained a suspect allegedly linked to a $31 million crypto Ponzi scheme. The arrest, executed by the Royal Thai Police in conjunction with the Thai Securities and Exchange Commission (SEC), sheds light on the […]

Bangkok Arrests Chinese National for Suspected M Crypto Ponzi Scheme

Bangkok Arrests Chinese National for Suspected $14M Crypto Ponzi Scheme

Latest News / Bpay News / October 30, 2025 / 14M, Arrests, Chinese, crypto, National, pBangkok, Ponzi, Schemep, Suspected

In a significant crackdown on international financial fraud, a Chinese man identified as Lin Xiang has been arrested in Bangkok, Thailand, accused of orchestrating a massive cryptocurrency Ponzi scheme. The arrest revealed insights into the ever-evolving domain of cyber-enabled financial crimes and has drawn attention to the regulatory challenges that cryptocurrencies pose globally. Background and

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