Thai Cyber Crime Investigation Bureau (CCIB) carried out a “Trust No One” operation in pursuit of crypto scammers and managed to arrest seven Chinese nationals operating crypto fraud and money laundering.
In the first episode of the operation, the CCIB conducted raids at six suspicious locations in the Sri Nakarin neighbourhood of Bangkok and arrested two Chinese nationals including a 31 year old man named Xao Xian Su and a 25 year old woman named Qi Yi Yee.
The two Chinese nationals reportedly used fake social media profiles to perform investment scams luring victims into investing in a defraud crypto business. The total damage caused to victims across the world was over 10 billion baht, with 2.5 billion baht within Thailand alone.
An officer conducted further operations until they found another two Chinese…
