According to Cryptonews from Foresight News, Thai police arrested two Chinese citizens suspected of cryptocurrency fraud and kidnapping. The police arrested 27-year-old Wu Di (phonetic) and his 29-year-old boyfriend Zhou Zongyong (phonetic) at a luxury villa in Pattaya. Investigations revealed that Wu Di lured victims into investing in a fictitious Singapore dollar investment fund through Facebook, defrauding over 600 million Thai baht (approximately $17.7 million) in just two months. The scammers used "puppet accounts" to temporarily hold funds, then converted them to USDT through P2P transactions on Binance and other Thai digital asset exchanges, before transferring them to Wu Di's digital wallet registered in Cambodia.

Police also discovered that Zhou Zongyong is suspected of kidnapping a Chinese woman in Cambodia and demanding ransom, with the woman's whereabouts still unknown. Thai police stated that the couple will first undergo legal proceedings in Thailand before being handed over to Chinese authorities for prosecution under Chinese law.