UK-registered crypto scam stole $76M from Thai investors
Five foreign nationals have been arrested in Thailand in connection with a 2.7 billion baht ($76 million) Crypto Scam that duped more than 3,000 victims into supposedly invest ing in gold and Tether (USDT) before stealing their money. On Sunday, an announcement from Thailand’s Cyber Crime Investigation Bureau (CCBI) revealed that an investigation into BCH Global Limited began when victims revealed their losses to the police in November of last year. According to the CCBI, a number of investors lost their life savings, with some being forced to take out a second mortgage on their homes. An investigation carried out by international law enforcement, including Homeland Security, led to four Chinese nationals and a Lao citizen being arrested and charged with planning to carry out transnational crime, money laundering, public fraud, and falsifying computer documents . On August 10, Thailand’s Office of the Attorney General planned to prosecute the five suspects. By September 4, ...