{"id":109268,"date":"2025-10-30T23:18:45","date_gmt":"2025-10-30T23:18:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=109268"},"modified":"2025-10-30T23:18:45","modified_gmt":"2025-10-30T23:18:45","slug":"thai-police-bust-14m-crypto-ponzi-mastermind-in-bangkok","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=109268","title":{"rendered":"Thai Police Bust $14M Crypto Ponzi Mastermind in Bangkok"},"content":{"rendered":"

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>The operation reportedly targeted nearly 100 investors, mostly from China, lured by promises too good <\/span>to be true.<\/span><\/p>\n

The Platform With Big Claims and Bigger Lies<\/span><\/h3>\n

At the heart of the case is a DeFi platform called FINTOCH, which ran from December 2022 until May 2023. <\/span>The platform attracted attention by offering a suspiciously high <\/span>return of<\/span> 1 percent <\/span>per day<\/span> and claiming ties to Morgan Stanley.<\/span><\/p>\n

Source: Shutterstock<\/p>\n

That connection was completely fake, and Morgan Stanley quickly <\/span>came out to deny<\/span> any involvement.<\/span><\/p>\n

Tracing the Money Trail<\/span><\/h3>\n

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>being involved<\/span>.<\/span><\/p>\n

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025<\/a><\/strong><\/p>\n

From Fake CEO to Pricey Rent<\/span><\/h3>\n

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

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