Bangkok Arrest: Chinese Guy Don Hold for $14M FINTOCH Crypto Ponzi
Thai and Chinese people dem arrest Liang Ai-Bing for Bangkok for say e dey run FINTOCH crypto Ponzi scheme wey con nearly 100 investors plus ¥100 million (~$14 million) through fake mobile apps and fake bank connections from December 2022 to May 2023. The crypto Ponzi scheme carry comot 31.6 million USDT. Police take the USDT, find illegal Beretta gun plus ammo for im three-storey rented house, charge am for illegal gun possession and unlawful entry. Four people wey assist am—Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and the co-founder Zuo Lai-Jun—dem dey do platform build, promotion, and marketing; Zuo receive small detention then release on bail, while the others run waka comot abroad. The case show how e hard to recover assets across countries and the need for investors to dey alert plus better international cooperation to fight crypto scam wey dey increase.
Neutral
Di arrest for di FINTOCH operator fit no too affect di crypto market dem at large. E fit make traders dey cautious for short time, especially about Ponzi schemes and USDT-based exit scam dem, but e no go affect di price fundamentals for big cryptocurrencies directly. For long run, better law enforcement cooperation fit help market integrity, but price movement for now go still dey calm.