Thailand's Cyber Crime Bureau has arrested five foreign nationals for running a fraudulent cryptocurrency investment scheme.
At least 3,280 people became victims of a platform called bchgloballtd.com. They began contacting police in November 2022, claiming they were tricked into investing in gold and the USDT stablecoin.
In total, the damage from the platform’s activities exceeded $27 million.
The Prosecutor General's Office of Thailand contacted the organizers of the scheme in August 2023. They turned out to be four Chinese citizens and one Laotian.
The defendants are charged with conspiracy to commit a transnational crime, public fraud and money laundering. The Anti-Money Laundering Authority confiscated personal property worth 585 million baht ($16.4 million) from them.
ForkLog previously reported that Thai police arrested two Russian citizens on suspicion of cryptocurrency fraud, which resulted in the death of several local residents.
