Thai authorities have recently arrested a Chinese man, Liang Ai-Bing, who is suspected of running a $31 million cryptocurrency Ponzi scheme, in a very luxurious Bangkok home on October 29, 2025.
The arrest comes after a coordinated intelligence operation between Chinese and Thai law departments, targeting one of the most talked-about cases of digital currency theft to hit Asia.
Details of the case
Liang has been living alone in a three-storey home office since December 2024, located in the Wang Thonglang neighbourhood, for a rent of about $4,645 per month.
During a raid, the police found 20 rounds of ammunition, adding firearms charges to his alleged fraud activities, and a Beretta handgun, which was unregistered.
According to the police in China, from December 2022 to May 2023, together with four other associates named Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun, Liang was involved in creating a fraudulent digital currency investment scheme known as “FINTOCH.”
The organisation allegedly fueled advertisements through mobile apps to lure in investors for their fictitious platform. Al and Wu handled the PR and promotional activities, Liang and Tang were responsible for platform development, and Zuo managed the marketing strategies.
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As the investigation unfolded, all five suspects, except Zuo, who was arrested and released on bail pending trial, managed to leave the country.
The charges ahead
The officers discovered an unregistered handgun, a Beretta, and 20 rounds of ammunition upon entering Liang’s house.
Earlier, the prospect of receiving their money back from a bitcoin Ponzi scam that occurred years ago was extremely uncertain for thousands of Chinese investors. Investors will suffer a severe hit when global crypto restrictions tighten this time.
The lengthy dispute is occurring as lawyers try to make a direct link between their claims and the 61,000 bitcoins that British authorities seized, according to a report by Nikkie Asia.
Authorities all around the world are starting to be very careful with these Ponzi schemes, as it is very easy to get people into crypto schemes, as the returns are always dependent on the amount of investment. How the authorities handle this case will be an example for all future crypto scams in the country or worldwide in general.
This case highlights the unprecedented rise of scams and Ponzi schemes in the crypto and blockchain sector with the rapid advancement of technology.