Founder of the defunct AEX exchange released on bail in Thailand

Huang Tianwei, arrested in June for fraud, has been released on bail to his family in Thailand. The fraud involved approximately 200 million Thai Baht (about 6 million USD). Only those who confronted him managed to recover some funds from his collapsed exchange.

Tianwei’s case draws parallels to the FTX scandal involving Sam Bankman-Fried, highlighting patterns in fraudulent activities within the crypto market. While some victims have recovered their funds, many remain frustrated as recovery efforts faced numerous obstacles.

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