{"id":777021566,"date":"2024-12-17T09:36:19","date_gmt":"2024-12-17T12:36:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021566"},"modified":"2026-04-22T03:13:48","modified_gmt":"2026-04-22T06:13:48","slug":"man-arrested-in-thailand-for-alleged-involvement-in-cryptocurrency-scam","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/man-arrested-in-thailand-for-alleged-involvement-in-cryptocurrency-scam","title":{"rendered":"Man arrested in Thailand for alleged involvement in cryptocurrency scam"},"content":{"rendered":"\n<p>Police have arrested a Singaporean man allegedly linked to a fake digital trading platform.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.- Police in Thailand have arrested a Singaporean man for alleged involvement in a cryptocurrency scam that defrauded investors of over THB22.4m (US$657,700). According to The Straits Times, the man is suspected of being part of a group that created a fake app resembling the Tidex digital cryptocurrency trading platform and of opening digital wallets to store the proceeds from victims. <\/p>\n\n\n\n<p>The app promised high investment returns. Police had already arrested 13 alleged members of the group in four Thai provinces: Bangkok, Chiang Rai, Rayong, and Phuket. Those arrested include two suspected leaders: a 29-year-old female Chinese national and a 38-year-old Thai man. The others are believed to have helped convert crypto assets into baht or allowed their bank accounts to be used for fraud.<\/p>\n\n\n\n<p>Thai police connected the group to<strong> a gang called Lock Star<\/strong>, which is involved in call centre scams. In July, six members were arrested. They face charges for illegal gathering, participating in a transnational criminal organisation, and colluding to launder money. Police have seized assets.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/indonesian-police-arrest-fugitive-wanted-by-china-for-alleged-online-gambling-crimes\" rel=\"noreferrer noopener\">Indonesian police arrest fugitive wanted by China for alleged online gambling crimes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Police have arrested a Singaporean man allegedly linked to a fake digital trading platform.<\/p>\n","protected":false},"author":176,"featured_media":25038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Thai police have apprehended a Singaporean national implicated in a cryptocurrency scam that defrauded investors of over THB22.4m. The operation involved a fake digital trading platform resembling Tidex and a transnational criminal organization, Lock Star, engaged in money laundering. This follows earlier arrests of 13 individuals, including alleged leaders, highlighting ongoing efforts against financial crime in the digital asset sector.","focusai_entities":"Thai police, The Straits Times, Tidex, Lock Star, Singaporean man, Chinese national, Thai man","focusai_location":"Singapore, Thailand, Bangkok, Chiang Rai, Rayong, Phuket, China, Indonesia","focusai_target_profile":"ceo_executive (0.8), regulator (0.9), compliance_legal (0.9), operator_casino (0.7), tech_data (0.7), payments_fraud_aml (0.95), investor_analyst (0.75), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Cross-border AML Efficacy?","query":"What specific enhancements to cross-border AML and financial intelligence sharing frameworks are being considered by regional regulators to counter the increasing sophistication of transnational digital asset scams?"},{"label":"Operator Risk Mitigation?","query":"How are regulated iGaming operators and digital asset platforms adapting their internal controls and KYC\/AML technologies to mitigate exposure to similar sophisticated fraud and money laundering schemes?"}],"footnotes":""},"categories":[439,16333],"tags":[20326],"class_list":["post-777021566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-illegal-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777021566"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021566\/revisions"}],"predecessor-version":[{"id":777021585,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021566\/revisions\/777021585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25038"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}