Thai police on Wednesday arrested Liang Ai-Bing, a Chinese national suspected of involvement in a 14 million-dollar cryptocurrency scam linked to the defunct FINTOCH platform.
FINTOCH promised a 1% daily return, lied about being backed by Morgan Stanley, and hired actors to play the role of a fake CEO, which eventually led to an exit scam in May 2023.
On-chain analyst ZachXBT tracked and found that in this "money run" incident, the scammers transferred 31.60 million worth of USDT through the Tron and Ethereum networks, calling it the largest DeFi money run scam in 2023.
Chinese Man Arrested in Bangkok for 14 million Dollar Cryptocurrency Ponzi Scheme
2025-10-30 05:39:20
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