Created for crypto wet fraudsters in Bangkok: $ 580 million!

Created for crypto wet fraudsters in Bangkok: $ 580 million!

In Bangkok, a 39-year-old Portuguese man, Pedro M., was arrested, who is suspected of leading a massive fraud network around cryptocurrencies and credit card operation. The damage is estimated at an impressive $ 586 million, which corresponds to more than 500 million euros. This information was from decrypt.co Unveiled after an attentive Portuguese journalist Pedro discovered in a luxury shopping center and informed the authorities.

A five -hour deployment followed, in which more than 10 civil servants were sent to the shopping center to arrest the suspect. Pedro M.'s identity was confirmed by facial recognition and biometric data. How cryptoneews.net reported, Pedro M. had lived on a tourist visa since his arrival in Thailand in 2023 and stole more than $ 30,800 of unsuspecting investors. Despite a previous arrest warrant, he was able to go into account for almost two years.

Fraud network with global entanglements

Pedro M.'s fraudulent activities not only stretched over Thailand, but also included Europe and the Philippines. The fraud operations not only included passports, but also credit card fraud and the manipulation of cryptocurrencies. It is believed that he lured his victims to Bitcoin investments with high returns, while the funds were postponed to offshore accounts. In the Interpol databases, it is associated with Swiss bank accounts that are said to have managed more than 500 million euros, which further illustrates the dimensions of his network.

Thornton Brie, board member of the Thai anti-money laundering and anti-terrorism center, emphasized that Thailand has been offensive against crypto crime in recent years. It was only in May that a 30-year-old Vietnamese woman was arrested, who was involved in a fraud that resulted in over 2,600 victims and losses of around $ 300 million. In August there was also a arrest of a South Korean man who was suspected of having washed cryptocurrency for international criminals.

Measures for victim aid and prevention

In view of the increasing number of fraud cases in the crypto area, it is important for Thailand to establish preventive measures. The increase in fraud activities has caused over 3,200 local investors to be damaged, as in a further message of algoine.com is reported. Five foreigners, including four from China and one from Laos, were arrested in an investment fraud that moved $ 27 million. Especially in these turbulent times, it is important for investors to be skeptical and to find out extensively before investing in the crypto market.

The Thai stock exchange and securities supervisory authority has already introduced new regulations to better protect investors. It remains to be seen how successful these measures will be to preserve the population from similar frauds.