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Thailand Busts $27 Million Cryptocurrency Scam; Five Foreign Nationals Arrested

CryptoThailand Busts $27 Million Cryptocurrency Scam; Five Foreign Nationals Arrested

Thailand’s Cyber Crime Investigation Bureau (CCIB) has arrested five foreign nationals in connection with a major cryptocurrency scam that defrauded over $27 million from more than 3,200 local investors. The investigation began when concerned investors reported their losses in late 2022, having invested through the website bchgloballtd.com. The CCIB collaborated with the United States Homeland Security Investigations and other global law enforcement agencies to tackle the international fraud scheme. The five individuals, four from China and one from Laos, now face charges related to transnational crimes, public fraud, and money laundering. The case highlights the ongoing challenge of cryptocurrency-related scams and the importance of investor protection measures.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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