Connect with us

The Online Technology

Thai Police Nab 24 Chinese Citizens for Running Crypto Call Center Scam

Crypto Currency

Thai Police Nab 24 Chinese Citizens for Running Crypto Call Center Scam


Thailand’s immigration police busted a crypto-related call center scam in Bangkok, arresting 24 Chinese nationals.

According to the Chiang Rai Times, the members of the organized racket rented a house in the country’s capital city to run their dubious operation.

Discover iFX EXPO Asia 2020 in Macao – The Largest Financial B2B Expo

The members of the organized scam lured nationals in mainland China to trade digital currency on Huobi Global crypto exchange, per the Thai police statement released on Wednesday. This call center scam is believed to be running since March of this year.

Apart from the Chinese national, the police are also suspecting the involvement of Thai national, however, no arrests of any Thai citizens were made yet.

The report also detailed that the Thai police confiscated more than 500 mobile phones and dozens of computers from the house where the house from which the perpetrators were running the call center.

Real Life. Real News. Real Voices

Help us tell more of the stories that matter

Become a founding member

Suggested articles

NEXT BLOCK ASIA 2.0 Revisits Bangkok; Ends with GURUS Influencer AwardsGo to article >>

However, the police did not disclose any figure of losses associated with the scam.

The report also outlined that Thailand is one of the hotbeds of call center scams, which also involve stock market speculations.

China and crypto

Meanwhile, in China, the government banned all crypto trading platforms last year along with initial coin offerings. The traders in the country found a loophole in the system to engage in digital asset trading – they buy USDT stablecoin from over-the-counter (OTC) desks move them to exchanges to trade digital currencies.

Despite the government ban, multiple crypto businesses are operating in China illegally. The Schengen law enforcement recently identified 39 “illegal cryptocurrency” companies operating in the region.

Moreover, with hype over the Chinese adaptation of crypto after a speech by President Xi Jinping, the Chinese central bank had to come out, clarifying its stand over blockchain and crypto and also revealed its intention to crack down on crypto trading.


Source link

Subscribe to the newsletter news

We hate SPAM and promise to keep your email address safe

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

To Top