Thai police arrested two Chinese cryptocurrency scammers, seizing approximately $820,000 in cash and other assets

ChainCatcher news, according to the Bangkok Post, recently Thai police launched raids in four areas, dismantling a mixed fraud gang named "Lock Star," and arrested two Chinese citizens and four Thais who were charged with illegal assembly, conspiracy to participate in a transnational criminal organization, public fraud, inputting false information into computer systems, and money laundering. The police also seized cash and other assets worth approximately 30 million baht (about 820,000 USD) during the operation.

It is reported that the scammers are suspected of using a fake program called Tidex to defraud investors of cryptocurrency by promising high returns, and then selling these cryptocurrencies and exchanging them for baht.