• 01 October, 2024
Market News

China Extradites $14B Crypto Scheme Leader from Thailand

In a major win for international law enforcement, China has extradited Zhang, the mastermind behind the $14 billion MBI Group pyramid scheme, from Thailand. Zhang's scheme duped over 10 million people, making it one of the largest of its kind. His capture marks the first successful extradition by China's 'Fox Hunt' task force under a 1999 treaty with Thailand. Zhang's return to China not only signifies a significant achievement in global criminal justice but also shatters the ambitions of pyramid scheme operators worldwide.

Read Previous

Australian Court Rules Against Kraken's Bit Trade in Lawsuit

Read Next

Tether has reclaimed $108.8M USDT from illicit activities