More than 600 million yuan in losses involved: two Chinese nationals suspected of cryptocurrency pyramid scheme fraud arrested in Thailand

Odaily: Thailand's Immigration Bureau arrested two Chinese suspects in the Rama IX area of Bangkok on November 12 — a 52-year-old man and a 28-year-old woman. The two are suspected of running a pyramid scheme fraud under the guise of cryptocurrency investment, with case losses exceeding 3.2 billion Thai baht, equivalent to more than 600 million yuan. Both were wanted by public security authorities in Changde City, Hunan Province, China, on December 18, 2025. Their Thai residence permits have now been revoked, and Thai authorities are coordinating their repatriation to China for further investigation and judicial proceedings.