In a recent development from Thailand, authorities uncovered a massive crypto scam targeting local investors, with damages amounting to more than $27 million.
In collaboration with international bodies, local enforcement agencies went after a fraudulent investment platform, leading to multiple arrests and property seizures.
Decoding The Deceptive Web: A Scheme Unveiled
A report from the Bangkok Post highlighted the expansive nature of this scheme, which had successfully duped over 3,200 Thai locals.
Orchestrated by five foreign nationals, including four from China and one from Laos, the platform bchgloballtd.com acted as a façade, pulling unsuspecting investors into its trap.
Efforts by Thailand’s Cyber Crime Investigation Bureau (CCIB), with support from the United States Homeland Security Investigations and several other international law enforcement agencies, began when aggrieved investors approached the authorities towards…
