Chinese nationals lose 13 million baht in Bangkok crypto scam

Picture courtesy of TechCentral

Three Chinese nationals found themselves swindled out of a staggering 13 million baht in a brazen Bangkok cash-for-crypto sting.

The drama kicked off on yesterday afternoon, January 9, in the city’s bustling Huai Khwang district. At 3.30pm, the scene was set at a house on Pracharat Bampen 12 Road, where Huang Guang, an unsuspecting Chinese visitor, claims he was robbed.

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According to Police Colonel Prasopchok Iampinit at the Huai Khwang Police Station, Huang was left empty-handed when three other Chinese individuals made off with his bag of 5 million baht, vanishing in a white Toyota Alphard.

In hot pursuit, Huang leapt onto a motorbike taxi to chase the vanishing bandits, but alas, they were too quick and disappeared from sight.

Thanks to some swift detective work, it was revealed that the van was registered to a certain Zhenkun Cai in Sathon district, who appeared to be hiding the cash in his abode. A raid on Cai’s home unearthed the missing bag, still crammed with 5 million baht.

Meanwhile, across town at the G Tower in Phraram 9, two more Chinese nationals were caught in a similar snarl. Armed with 8 million baht, they hoped to trade cash for crypto with four other Chinese friends. However, things took a shady turn when the foursome allegedly swiped the cash, insisting they’d already wired the cryptocurrency to their middleman.

The hoodwinked pair promptly reported their hacker drama to the Huai Khwang police, claiming they never saw a digital coin of their promised bounty. Police are now delving into this messy crypto chaos, trying to unravel the threads of this international intrigue.

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Chinese nationals lose 13 million baht in Bangkok crypto scam | News by Thaiger
Picture of 5 million baht in cash found at a house in Sathon district, Bangkok, courtesy of the Royal Thai Police

Meanwhile, police this week issued a warning to retirees in Thailand after two British expats in Pattaya were targetted by scammers attempting to drain their bank accounts.

Police Lieutenant Colonel Saksit Choobunrueang yesterday, January 8, announced that the elderly are being targetted by scam gangs because of their limited knowledge of technology.

Bangkok NewsCrime NewsThailand News

Bob Scott

Bob Scott is an experienced writer and editor with a passion for travel. Born and raised in Newcastle, England, he spent more than 10 years in Asia. He worked as a sports writer in the north of England and London before relocating to Asia. Now he resides in Bangkok, Thailand, where he is the Editor-in-Chief for The Thaiger English News. With a vast amount of experience from living and writing abroad, Bob Scott is an expert on all things related to Asian culture and lifestyle.

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