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  • Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam
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Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam

Token Arena August 27, 2024
Thailand Extradites Malaysian Businessman to China Over  Billion Cryptocurrency Scam

Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty since 1999. Teow, the founder of MBI Group, is accused of running a pyramid scheme that defrauded over […]

Tags: Billion, Businessman, China, Cryptocurrency, Extradites, Malaysian, Scam, Thailand

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