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A Chinese national was detained by Thai immigration police while attempting to board a flight to Singapore. The man, identified as Tianwei, 39, was wanted for his alleged involvement in a cryptocurrency fraud scheme valued at more than $6 million in Chiang Rai Province, Thailand.
The arrest took place on the morning of June 12 at Bangkok's Don Mueang Airport. Officers deployed at the international departures terminal reportedly intercepted Tianwei before he boarded Lion Air flight SL100 to Singapore.
The operation was carried out after the police received precise information about the case and the escape attempt.
The case began on April 30, when two Chinese citizens filed a complaint at the Mae Sai police station in northern Thailand.
According to their lawyer, they participated in a business meeting with Tianwei on the 23rd of the same month, during which they agreed to transfer bitcoin holdings worth nearly 200 million baht (US$6.17 million) to him, with the promise of immediate profits, something that never materialized.
Thailand arrests man for cryptocurrency fraud valued at over USD 6 million. Source: Khaosod English.
On May 16, the Chiang Rai Provincial Court issued an arrest warrant for Tianwei on fraud charges, prompting a search operation. Authorities eventually located him at the capital's airport.
After his identity was verified as the individual named in the warrant, Tianwei was detained without resistance and claimed to have never been arrested in this case before. Following his arrest, he was taken to Mae Sai Police Station in Thailand, where he will remain in custody while the legal proceedings against him continue.
Cryptoasset investments that promise quick, short-term profits are often a sign of potential fraud. To protect yourself, it's crucial to be wary of these types of offers and request clear and transparent information about how the project or investment works.
It is also important to research the track record and reputation of the individuals or companies involved, consult independent sources, and avoid sending money without solid legal support.