Four Chinese nationals and one person from Laos have been arrested by Thailand’s Cyber Crime Investigation Bureau (CCIB) for their involvement in a fraudulent cryptocurrency investment platform. The platform, called BCH Global Ltd., posed as a Bitcoin investment platform and swindled over 2.7 billion Baht (approximately $76 million) from local investors. The individuals have been charged with conspiring to commit transnational crimes, engaging in public fraud, and participating in money laundering activities.
The investigation was launched by the CCIB, in collaboration with Homeland Security Investigations and various international law enforcement agencies, after receiving reports from affected investors who disclosed their losses through bchgloballtd.com in late 2022. The victims were deceived into investing in gold and the USDT stablecoin. The Attorney General’s Office initiated the prosecution, and as of September 4, the Anti-Money Laundering Office had confiscated assets worth 585 million Baht. The CCIB spokesperson, Kissana Phathanacharoen, assured the media that the organization is committed to maintaining communication with the victims regarding their legal rights. The affected individuals have the option to register their complaints via CCIB’s hotline or official website.
Thailand has been taking steps to combat financial crimes, including those related to cryptocurrencies. The country’s Minister of Digital Economy and Society (MDES) hinted at the possibility of shutting down Meta (formerly Facebook) to address these crimes. MDES revealed that more than 200,000 people had fallen victim to ads on social media platforms, with crypto scams being a popular tactic to deceive unsuspecting users. The arrest of these individuals involved in the crypto scam is a significant step towards curbing fraudulent activities in the cryptocurrency space.
Keywords: Thailand, CCIB, cryptocurrency scam, fraudulent investment platform, BCH Global Ltd., Chinese nationals, Laos, money laundering, victims, gold, USDT stablecoin, shut down Meta, MDES.
Hashtags: #Thailand #CCIB #cryptocurrencyscam #fraudulentplatform #BCHGlobalLtd #moneylaundering #victims #gold #USDTstablecoin #shutDownMeta #MDES
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