Thai authorities arrest 5 in 3,200-victim, $27M crypto scam By Cointelegraph

Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors.

According to an initial report from the Bangkok Post, Thailand’s Cyber Crime Investigation Bureau (CCIB) arrested four individuals from China and one from Laos for orchestrating a fraudulent investment scheme that duped more than 3,200 locals.