Alleged Mastermind Behind $31M FINTOCH Exit Scam Arrested in Thailand
Thai authorities apprehended Liang Ai-Bing, a Chinese national accused of orchestrating a $31 million cryptocurrency Ponzi scheme, during a raid at a luxury Bangkok residence on October 29, 2025. The arrest followed a coordinated operation between Thai and Chinese law enforcement targeting one of Asia's most notorious digital currency fraud cases.
Police discovered an unlicensed firearm and ammunition during the raid, adding weapons charges to Liang's alleged financial crimes. The suspect had been operating from a rented three-story home office in Bangkok's Wang Thonglang district since December 2024.
The FINTOCH platform allegedly promised investors unrealistic 1% daily returns while falsely claiming association with investment giant Morgan Stanley. Chinese authorities identified four accomplices who helped develop and promote the fraudulent operation across multiple Asian countries before its collapse.
