Five Arrested in Thailand for $76 Million Crypto and Gold Investment Scam That Targeted Thousands
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Five people were arrested in Thailand for allegedly stealing $76 million from victims through a crypto and gold investment scam.
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The scam involved a fake website that promised high returns on investments in crypto like Tether and gold.
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Over 3,000 people fell victim to the scam, investing their life savings and taking out second mortgages.
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The five suspects were arrested for crimes like money laundering, fraud, and illegally putting false information into computer systems.
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Authorities confiscated over $16 million worth of the suspects' properties after the arrests.
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