Thailand arrests Chinese national over 100 million baht crypto fraud
- —Suspect is a 47-year-old Chinese national who also holds a Cambodian passport
- —Investor losses are estimated at more than 100 million Thai baht
- —A Bangkok court had earlier issued a fraud arrest warrant
- —Police detained the suspect at a mansion in Chonburi province
Why it matters: The case adds to a string of arrests over cross-border crypto schemes in Southeast Asia as authorities crack down on mule accounts and money laundering.
Source: PANews