Odaily Planet Daily reports that a Chinese national suspected of involvement in the BHE Exchange cryptocurrency platform fraud case has been arrested at a residential area in Samut Prakan Province, Thailand. The man is accused of issuing the DDO token through BHE Exchange, promising investors an annual return of 6% and a 20-fold increase in value within ten years, before the platform shut down and its operators disappeared. The case involves approximately 20,000 victims and losses exceeding $128 million, equivalent to about RMB 900 million. The man fled China in 2024 and settled in Thailand, frequently changing residences. Thai authorities have revoked his residency permit and handed him over to immigration authorities for detention pending repatriation to China for trial.
Suspect in BHE Exchange 900 Million RMB Fraud Case Arrested in Thailand After Two Years on the Run
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Summary
A Chinese national linked to the BHE Exchange fraud case was arrested in Samut Prakan, Thailand. The suspect, wanted in connection with a cryptocurrency exchange scam, is accused of promoting the DDO token with false return promises before the platform collapsed. The exchange hack resulted in over 20,000 victims suffering losses exceeding $128 million. The suspect fled China in 2024 and was recently detained by Thai authorities. His residency has been revoked, and he faces deportation for trial.
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