Thailand’s Cyber Crime Investigation Bureau (CCIB) spokesman Kissana Phathanacharoen said those arrested included four Chinese and one Lao citizen. The Anti-Money Laundering Office confiscated 585 million Thai baht (about $16.2 million) from them.
The agency began receiving complaints from affected investors back in November 2022. The victims claimed that they lost their funds on the bchgloballtd platform. Many invested all their accumulated savings, and some even took out a mortgage on real estate.
CCIB began to investigate the platform’s activities with the assistance of the US Department of Homeland Security and other international law enforcement agencies. It turned out that many people involved in the operation of this platform were deceiving users on other fraudulent platforms.
The scammers offered investors to invest in USDT stablecoins and other cryptocurrencies, promising high and guaranteed profits in a short period of time. Thus, the total losses of Thai users amounted to about $27 million. The organizers of the scam were arrested on charges of fraud, money laundering and conspiracy to commit international crimes. CCIB will continue to contact victims affected by cryptocurrency scams.
Let us recall that in September, Thai law enforcement officers arrested two Russian citizens, Daniil Aldunenkov and Roman Brik, for participation in cryptocurrency fraud. They face up to 50 years in prison.
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