Thai authorities have apprehended a Chinese national accused of stealing over $6 million in Bitcoin from two compatriots during a business meeting in Mae Sai district. The suspect, identified as Tianwei, was captured at Don Mueang Airport while attempting to flee to Singapore after a month-long manhunt by immigration police.
Legal experts indicate that recovering the stolen Bitcoin may prove difficult for the victims due to Thailand’s stringent legal procedures for foreign fraud cases. The seized assets are likely to be retained by Thai authorities pending lengthy judicial processes.
This arrest aligns with a regional crackdown on cryptocurrency fraud, with recent high-profile cases in India and Vietnam resulting in significant asset seizures. Asian law enforcement agencies are increasingly collaborating and deploying advanced forensic techniques to trace illicit crypto transactions.
Authorities across the continent are urging investors to exercise heightened caution when conducting cryptocurrency transactions, emphasizing the rise in sophisticated fraud schemes targeting digital assets.