Interpol Arrests ‘Madam Ngo’ in Bangkok for $300M Crypto Scam

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-28 14:19:02

Interpol has apprehended Ngo Thi Theu, alias ’Madam Ngo,’ in Bangkok for orchestrating a $300 million cryptocurrency fraud. The 30-year-old Vietnamese national lured over 2,000 victims with promises of 20-30% monthly returns, only to funnel their investments through an elaborate money-laundering network. Thai and Vietnamese authorities collaborated on the operation, arresting her alongside two accomplices in the Watthana district.

The scheme preyed predominantly on Vietnamese investors, leveraging influencers and celebrities to cultivate trust. Its scale has sent shockwaves through the crypto community, underscoring the risks of unregulated digital asset markets. Investigators are now tracing the labyrinthine path of stolen funds.

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