Ngo Thi Theu, aka Madam Ngo, was arrested in Bangkok for orchestrating a 300 million USD cryptocurrency scam, promising investors returns of 20-30% monthly. Two associates were also arrested.
Madam Ngo employed a complex money-laundering scheme to conceal stolen funds from investors. The police from Thailand and Vietnam are jointly investigating the scam.
This case underscores the dangers associated with unregulated crypto markets, reminding investors of the risks involved and highlighting the increasing sophistication of crypto scams.
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