Over 3,280 victims were deceived by the bchgloballtd.com platform which is suspected of being involved in gold and USDT stablecoin investment frauds.
This fraudulent scheme has caused damages totaling to more than $27 million. In August 2023, 4 Chinese citizens and 1 citizen from Laos were identified by the Prosecutor General’s Office of Thailand in connection with the crime.
They are being charged with conspiracy to commit transnational crime, public fraud and money laundering.
Property worth 585 million Thai baht ($16.4 million) was confiscated from the accused five foreign nationals by the Anti-Money Laundering Office.
Prior to this, Thai police had also arrested two Russian nationals under suspicion of cryptocurrency fraud which had resulted in a number of fatalities.