Thai Cops Arrest Chinese Suspect in $6.1 Million Bitcoin Fraud Case
The post Thai Authorities Arrest Chinese Suspect in $6.1 Million Bitcoin Fraud Case appeared on BitcoinEthereumNews.com.In quick Thai police detained Chinese nationwide Tianwei at Don Mueang Airport on June 12 for allegedly taking $6.15 million in Bitcoin. Thai immigration police arrested a Chinese fugitive at Don Mueang Airport Thursday morning as he tried to get away to Singapore, ending a manhunt connected to millions in taken Bitcoin. The guy, Tianwei, was arrested at 6 a.m. regional time (7 p.m. ET) on Thursday at the worldwide departure terminal as he attempted to board Lion Air flight SL100, according to a report by regional news outlet Khaosod English.
In short Thai cops apprehended Chinese national Tianwei at Don Mueang Airport on June 12 for presumably stealing $6.15 million in Bitcoin. The arrest followed an April problem and a Might 16 warrant after Tianwei disappeared from a business deal in Chiang Rai. It’s the most recent in a series of Asian crypto fraud busts, including major cases in Vietnam and India. Thai migration authorities detained a Chinese fugitive at Don Mueang Airport Thursday early morning as he tried to run away to Singapore, ending a manhunt linked to millions in taken Bitcoin. The man, Tianwei, was arrested at 6 a.m. regional time (7 p.m. ET) on Thursday at the international departure terminal as he tried to board Lion Air flight SL100, according to a report by regional news outlet Khaosod English. The airport intercept ended a month-long manhunt that began when two Chinese victims reported losing $6.15 million (200 million baht) in Bitcoin to the suspect after a company meeting in Mae Sai district. Chiang Rai Provincial Court issued the arrest warrant on Might 16. Intelligence reports suggested Tianwei would try to flee the country, triggering authorities to alert Don Mueang immigration officers. The suspect reportedly interacted in English throughout his arrest. Sergeant Suwaphan Utsaha, leader of the Don Mueang Migration checkpoint, served as an interpreter to inform him of his rights and the charges against him. Tianwei confirmed his identity and told officers he had never been apprehended in this case before. Thailand’s notoriously difficult position on foreign fraud suspects indicates Tianwei faces a grim future, according to Archer Wolfe, founder of the crypto consultancy firm MohrWolfe and a previous local of Thailand. “It’s no surprise that Thai migration continues punishing fraud amongst foreigners– they’re well-known for their hardcore procedures,” Wolfe informed Decrypt. “However, once they’re suspicious of you, and you get captured, they will dissect your whole life, starting with your smartphone and every conversation you have in it.” Wolfe predicted severe effects, stating that the suspect “is going to be extradited back to China” and “the Thai federal government is then going to keep that Bitcoin unless an inflated fee is paid and simply close the book.” Crypto crackdown in Asia The arrest comes amidst a local crackdown on crypto scams that has netted hundreds of millions in taken possessions across Asia. India’s Central Bureau of Investigation arrested Delhi resident Rahul Arora on Tuesday and took over $327,000 in crypto from a cybercrime operation targeting U.S. and Canadian victims through caller ID spoofing and social engineering. Last month, Vietnamese authorities took apart the Matrix Chain pyramid scheme after a 200-day investigation, apprehending 5 suspects accused of defrauding 185,000 victims out of nearly $400 million. In February, Thai and Chinese cops teamed up to jail 2 Chinese nationals and take $2.5 million worth of Tether’s USDT stablecoin from a large-scale fraud operation. Edited by Sebastian Sinclair Daily Debrief Newsletter Start every day with the leading newspaper article today, plus initial features, a podcast, videos and more. Source: Decrypt
