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The suspect behind a $580 million cryptocurrency and credit card fraud case was arrested in Bangkok

Oct 03, 2025 22:58:02

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ChainCatcher news, according to Decrypt, a Portuguese man has been arrested in Bangkok, Thailand, with police suspecting he orchestrated a $580 million cryptocurrency and credit card fraud scheme.

The Thai English newspaper Khaosod confirmed that the man is 39-year-old Pedro M. A Portuguese journalist on vacation in Bangkok was the first to spot him at a luxury shopping mall. Khaosod did not confirm Pedro's last name, but his profile and photo match those of the well-known Pedro Morato in Portuguese media.

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