[Chinese Man Arrested in Thailand for Alleged $14 Million Cryptocurrency Ponzi Scheme] Thai police on Wednesday arrested Chinese national Liang Ai-Bing (Liang Ai-Bing, transliterated), who is accused of involvement in a $14 million Ponzi scheme linked to the now-defunct cryptocurrency investment platform FINTOCH. FINTOCH had promised high daily returns of 1% and falsely claimed to have backing from Morgan Stanley, while hiring actors to impersonate the company's CEO. The platform carried out an 'exit scam' in May 2023. On-chain analyst ZachXBT's investigation revealed that the scammers transferred a total of 31.6 million USDT through the Tron and Ethereum networks, making it one of the largest DeFi scam cases of 2023.