Chinese Man Arrested in Bangkok Over Alleged $14M Crypto Ponzi Scheme
Update: 2025-10-30
Description
Thai authorities arrested a Chinese national, Liang Ai-Bing, for running a multimillion-dollar crypto Ponzi scheme called FINTOCH. The scheme, which pretended to have connections to Morgan Stanley and featured a fake CEO, scammed nearly 100 investors in China. Liang was living in a luxury Bangkok home and was arrested after a joint Thai-Chinese police operation. The scheme collected over $31 million before collapsing, leading to a surge in crypto-related losses. Liang now faces charges in Thailand and is being extradited to China.
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