{"id":55892,"date":"2025-10-31T00:03:56","date_gmt":"2025-10-31T00:03:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=55892"},"modified":"2025-10-31T00:03:56","modified_gmt":"2025-10-31T00:03:56","slug":"thai-police-bust-14m-crypto-ponzi-mastermind-in-bangkok","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=55892","title":{"rendered":"Thai Police Bust $14M Crypto Ponzi Mastermind in Bangkok"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">hai police raided a luxury three\u2011story house in Bangkok\u2019s Wang Thonglang district and arrested Chinese national Liang Ai\u2011Bing. Authorities believe he was the mastermind behind a massive crypto Ponzi scheme. <\/span><span data-preserver-spaces=\"true\">The operation reportedly targeted nearly 100 investors, mostly from China, lured by promises too good <\/span><span data-preserver-spaces=\"true\">to be true.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">The Platform With Big Claims and Bigger Lies<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">At the heart of the case is a DeFi platform called FINTOCH, which ran from December 2022 until May 2023. <\/span><span data-preserver-spaces=\"true\">The platform attracted attention by offering a suspiciously high <\/span><span data-preserver-spaces=\"true\">return of<\/span><span data-preserver-spaces=\"true\"> 1 percent <\/span><span data-preserver-spaces=\"true\">per day<\/span><span data-preserver-spaces=\"true\"> and claiming ties to Morgan Stanley.<\/span><\/p>\n<figure id=\"attachment_303428\" aria-describedby=\"caption-attachment-303428\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-303428\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Thai-Police-Bust-14M-Crypto-Ponzi-Mastermind-in-Bangkok-Thai-police.jpg\" alt=\"Thai Police Bust $14M Crypto Ponzi Mastermind in Bangkok - Thai police\" width=\"1000\" height=\"703\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Thai-Police-Bust-14M-Crypto-Ponzi-Mastermind-in-Bangkok-Thai-police.jpg 1000w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Thai-Police-Bust-14M-Crypto-Ponzi-Mastermind-in-Bangkok-Thai-police-300x211.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Thai-Police-Bust-14M-Crypto-Ponzi-Mastermind-in-Bangkok-Thai-police-768x540.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/10\/Thai-Police-Bust-14M-Crypto-Ponzi-Mastermind-in-Bangkok-Thai-police-50x35.jpg 50w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-303428\" class=\"wp-caption-text\">Source: Shutterstock<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">That connection was completely fake, and Morgan Stanley quickly <\/span><span data-preserver-spaces=\"true\">came out to deny<\/span><span data-preserver-spaces=\"true\"> any involvement.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Tracing the Money Trail<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">On\u2011chain analysts dug into the data and found that the platform moved roughly 31.6 million USDT through Ethereum and Tron bridges. While Thai news reports mentioned the fraud was worth around 14 million dollars, blockchain evidence points to a much larger sum <\/span><span data-preserver-spaces=\"true\">being involved<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in October2025<\/a><\/strong><\/p>\n<h3><span data-preserver-spaces=\"true\">From Fake CEO to Pricey Rent<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">To add a layer of fake legitimacy, the scheme introduced a fictional CEO named \u201cBob Lambert\u201d and even used a photo of actor Michael Provenzano to sell the illusion. Liang rented the Bangkok property for about 4,645 dollars a month, turning it into the headquarters for the scam. <\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_6903fad9a1561\" data-coin-id=\"eth\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_6903fad9a1561-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_6903fad9a1561-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_6903fad9a1561-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_6903fad9a1561-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_6903fad9a1561-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_6903fad9a1561-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_6903fad9a1561-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_6903fad9a1561-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_6903fad9a1561-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_6903fad9a1561-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_6903fad9a1561-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_6903fad9a1561-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><span data-preserver-spaces=\"true\">The platform lured users <\/span><span data-preserver-spaces=\"true\">in<\/span><span data-preserver-spaces=\"true\"> with bold claims, misleading links, and fake guarantees, convincing many to trust what <\/span><span data-preserver-spaces=\"true\">looked like<\/span><span data-preserver-spaces=\"true\"> a credible operation.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Facing the Music in Two Countries<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Liang is now looking at multiple charges, including illegal possession of a firearm and entering Thailand without permission. Law enforcement teams from China and Thailand worked together behind the scenes, shared intelligence, and laid the groundwork for extraditing Liang to China to face further legal action.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h3><span data-preserver-spaces=\"true\">Why This Case Stands Out<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">This particular scam is one of the most significant crypto fraud cases to hit in 2023. It caught the attention of regulators across Asia. I<\/span><span data-preserver-spaces=\"true\">n May 2023, Singapore\u2019s Monetary Authority warned about the dangers of similar setups, <\/span><span data-preserver-spaces=\"true\">pointing to<\/span><span data-preserver-spaces=\"true\"> just how serious the fallout can be from <\/span><span data-preserver-spaces=\"true\">these kinds of<\/span><span data-preserver-spaces=\"true\"> platforms.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">A Reminder for the Crypto World<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Cases like this are a wake-up call. For everyday investors, it shows just how important it is to dig into the details before trusting a platform with your money. Big daily returns and flashy names are often a front for something far riskier. For regulators, it highlights the ongoing need for international cooperation and tighter oversight of the crypto space to catch scams before they snowball.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Thai police arrested Chinese national Liang Ai-Bing in Bangkok for allegedly running a major crypto Ponzi scheme through the FINTOCH platform.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        FINTOCH promised 1 percent daily returns and falsely claimed ties to Morgan Stanley, which publicly denied any involvement.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Investigators traced around 31.6 million USDT moved across Ethereum and Tron, suggesting the scam was larger than initial reports of 14 million USD.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The platform posed as \u201cBob Lambert\u201d using a stolen photo, while Liang ran it from a luxury Bangkok home.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Liang faces multiple charges and possible extradition as China and Thailand cooperate on one of Asia\u2019s biggest crypto fraud cases of 2023.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/thai-police-bust-14m-crypto-ponzi-mastermind-in-bangkok\/\">Thai Police Bust $14M Crypto Ponzi Mastermind in Bangkok<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>hai police raided a luxury three\u2011story house in Bangkok\u2019s Wang Thonglang district and arrested Chinese national Liang Ai\u2011Bing. Authorities believe he was the mastermind behind a massive crypto Ponzi scheme. The operation reportedly targeted nearly 100 investors, mostly from China, lured by promises too good to be true. The Platform With Big Claims and Bigger [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-55892","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55892"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55892\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}