Mars Finance News: On March 24, according to Cryptonews, 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. The investigation 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 the past two months. The scammers used "puppet accounts" to temporarily hold funds, then converted them to USDT through P2P transactions on CEX, and transferred them to a digital wallet registered by Wu Di in Cambodia. The police also discovered that Zhou Zongyong was suspected of kidnapping a Chinese woman in Cambodia and demanding ransom, and the woman remains missing. Thai police stated that the couple would first undergo legal proceedings in Thailand before being handed over to Chinese authorities for prosecution under Chinese law.