Two Chinese cryptocurrency pyramid scheme suspects were arrested in Thailand, with losses exceeding 600 million yuan

On November 12, the Thai Immigration Bureau arrested two Chinese suspects in the Rama IX area of Bangkok, a 52-year-old man and a 28-year-old woman.

The two are suspected of committing pyramid scheme fraud under the guise of cryptocurrency investment, with losses exceeding 3.2 billion Thai Baht, equivalent to over 600 million Chinese Yuan. The two have been wanted by the Public Security Bureau of Changde City, Hunan Province, China since December 18, 2025.

Currently, their Thai residence permits have been revoked, and the Thai side is coordinating to deport them back to China for further investigation and judicial processing.