Chinese Pair Detained in Bangkok Over Massive Cryptocurrency Fraud
Chinese Pair Detained in Bangkok Over Massive Cryptocurrency Fraud
BANGKOK, November 14, 2026 — Thai Immigration Bureau officers have arrested two Chinese nationals wanted by authorities in China over an alleged cryptocurrency pyramid scheme that reportedly caused losses exceeding 3.2 billion baht.
The suspects, identified only as Mr Xu, 52, and Ms Ni, 28, were detained on November 12 after investigators traced them to the Rama 9 area of Hua Mak subdistrict in Bangkok’s Bang Kapi district.
Chinese authorities allege that the pair were involved in a pyramid scheme that persuaded members of the public to invest in cryptocurrency. The reported financial damage from the alleged operation exceeds 3.2 billion baht.
Wanted Over Alleged Cryptocurrency Investment Scheme
Both suspects were subject to arrest warrants issued by China’s Ministry of Public Security in Changde, Hunan province, on December 18, 2025.
Their arrest followed a national police policy introduced by National Police Chief Pol Gen Samran Nuanma to accelerate action against transnational crime and locate foreign nationals wanted by authorities overseas.
Immigration Police Tracked Suspects to Rama 9
Immigration investigators said they traced the two Chinese nationals to accommodation in the Rama 9 area and monitored the location before stopping them as they came outside the building.
With assistance from a Chinese interpreter, officers checked their identities and confirmed that they matched the information provided by Chinese authorities.
The Immigration Bureau subsequently revoked their permission to remain in Thailand under Section 12(7) of the Immigration Act 1979, which applies to individuals wanted under arrest warrants issued by foreign governments.
After being informed of their rights, the suspects were transferred to Division 3 of the Immigration Bureau’s Investigation Division for further legal proceedings.
Thai authorities are now coordinating their return to China, where they are expected to face legal proceedings over the alleged scheme.
