[Chinese Man Arrested in Bangkok for Alleged $14 Million Cryptocurrency Ponzi Scheme] According to Golden Finance, Thai police arrested Chinese citizen Liang Ai-Bing (Liang Ai-Bing, phonetic translation) on Wednesday for allegedly participating in a $14 million cryptocurrency fraud case related to the now-defunct platform FINTOCH. FINTOCH had promised a daily return rate of 1%, falsely claimed to have support from Morgan Stanley, and hired actors to impersonate a fake CEO. The platform ultimately executed an exit scam in May 2023. On-chain analyst ZachXBT tracked the incident and discovered that the scammers transferred 31.6 million USDT through the Tron and Ethereum networks, calling it the largest DeFi exit scam of 2023.