BANGKOK — Thai police have arrested a Chinese national wanted for allegedly orchestrating a massive cryptocurrency fraud that scammed nearly 100 victims out of over 100 million yuan (approximately $14 million USD) in his home country.
Liang Ai-Bing was apprehended on October 29, 2025, at a luxury three-story home office in an upscale housing estate in Wang Thonglang district, where he had been living alone since December 2024, paying 150,000 baht ($4,645) per month in rent.
The arrest came after Police 191 officers executed a Criminal Court search warrant based on intelligence shared between Thai and Chinese authorities.
The Alleged Scheme
According to Chinese authorities, Liang and four accomplices — Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun — created a fraudulent digital currency investment platform called “FINTOCH” between December 2022 and May 2023.
The group allegedly promoted the fake platform through mobile applications to lure investors. Liang and Tang were responsible for platform development, Al and Wu handled public relations and promotion, while Zuo managed marketing operations.
When Chinese authorities launched their investigation, all five suspects fled the country except Zuo, who was arrested and released on bail pending trial.
Discovery and Charges
During the raid on Liang’s residence, officers discovered an unlicensed Beretta pistol and 20 rounds of ammunition.
Liang has been charged with illegal possession of a firearm and ammunition, as well as illegal entry into Thailand as a foreign national. Thai authorities are now coordinating with their Chinese counterparts for extradition proceedings.
The case highlights ongoing concerns about transnational fraud schemes and the use of cryptocurrency platforms to deceive investors across borders.
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