Sunday, June 23, 2024

Trending

Chinese crypto scammers gang nabbed in Bangkok

Share

The Thai Cyber Crime Investigation Bureau (CCIB) has arrested seven Chinese nationals for their involvement in a cryptocurrency fraud and money laundering scheme. The suspects used fake social media profiles to deceive victims into investing in a fraudulent crypto business, resulting in damages of over 10 billion baht globally. The police conducted raids in Bangkok and seized cash, luxury properties, cars, and counterfeit passports. The authorities plan to return the seized assets to the victims while continuing the investigation. This comes as a new cryptocurrency scam called “pig butchering” has emerged, where scammers establish trust with victims before stealing their investments.

Source link : Chinese crypto scammers gang nabbed in Bangkok

Thailand Business News
Thailand Business Newshttps://www.thailand-business-news.com/
Thailand News with a Business Perspective

Read more

Latest News

Discover more from Siam News Network

Subscribe now to keep reading and get access to the full archive.

Continue reading