Thai Police Arrest Chinese National Over Crypto Fraud Scheme Involving Over 100 Million Baht

According to Matichon, on Oct 24, Thai immigration police arrested a 47-year-old Chinese man suspected of running a cryptocurrency fraud scheme. The suspect, who also held a Cambodian passport, allegedly lured Chinese investors with promises of high returns, causing losses exceeding 100 million baht for multiple victims. Bangkok North District Court had previously issued an arrest warrant for fraud. Police tracked the suspect from Nakhon Ratchasima Province to a luxury villa in Chachoengsao Province, where he was apprehended by joint immigration teams. The suspect has been transferred to relevant authorities for legal proceedings.
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