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Thailand Stunned by Massive $76 Million Cryptocurrency Scam

Thailand Stunned by Massive $76 Million Cryptocurrency Scam

Thai Authorities Arrest Five Foreigners Involved in Crypto Scam

In a recent report, it has been revealed that five individuals, who are facing charges of public fraud, transnational crime, money laundering, and inputting false data into computer systems, have been arrested by the Cyber Crime Investigation Bureau (CCIB) in Thailand. The suspects have been linked to various scam platforms, and the authorities are continuing their efforts to identify more victims. If you have been affected or have any relevant information, you are encouraged to contact the 1441 hotline of the Cyber Crime Investigation Bureau or visit www.thaipoliceonline.com to lodge a complaint.

Rising Concerns Over Crypto Scams on Facebook in Thailand

The Ministry of Digital Economy and Society (MDES) has issued a warning to Facebook regarding the increasing number of crypto scams on the platform. These scams range from fraudulent cryptocurrency schemes to misleading endorsements by celebrities and financial experts. Despite discussions and a formal letter from the authorities, MDES believes that Facebook’s response to combat deceptive advertising is inadequate and may lead to legal consequences.

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Thailand Stunned by Massive $76 Million Cryptocurrency Scam