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$128 Million BHE Exchange Crypto Scam Suspect Arrested in Thailand

2 hours ago

**Chinese Crypto Scam Suspect "Mr. Duan" Arrested in Thailand** On February 24, a Chinese national identified as "Mr. Duan"—linked to the BHE Exchange cryptocurrency fraud—was taken into custody in Nakhon Pathom Province, Thailand. BHE Exchange marketed its DDO token with promises of a 6% annual return and a 20-fold value jump over 10 years, luring roughly 20,000 investors. The platform abruptly shut down, leaving users unable to withdraw funds and causing losses totaling approximately $128 million (around 900 million RMB). The suspect fled China in 2024, settling in Thailand and frequently changing residences to evade detection. Thai authorities have revoked his residency permit and will deport him to China for further investigation and trial.
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