Thai authorities arrested a Chinese national in Bangkok concerning a cryptocurrency Ponzi scheme that defrauded nearly 100 investors of over $31 million. The arrest marks a significant development in a case that became one of 2023’s largest decentralized finance exit scams. How the Crypto Ponzi Scheme Operated On Wednesday, Liang Ai-Bing, one of five suspects behind the FINTOCH platform, was apprehended at an upscale residence in the Wang Thonglang district following joint intelligence efforts between Thai and Chinese law enforcement. The FINTOCH platform operated between December 2022 and May 2023, presenting itself as a legitimate decentralized finance investment opportunity
source: https://beincrypto.com/bangkok-arrest-exposes-31m-crypto-ponzi-scheme/