Thai authorities arrested two Chinese nationals in Bangkok who are wanted in China in connection with a cryptocurrency pyramid investment scheme. The alleged losses exceed 3.2 billion baht, or approximately $92 million. The suspects are Mr. Xu, 52, and Ms. Ni, 28, who were detained on November 12, 2026, on warrants issued in Hunan province. Their residency permits have been revoked and deportation proceedings to China have begun. They are expected to face further investigation and prosecution upon their return, while no recovery of funds for victims has yet been reported.
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