Suspected Crypto Scammer Linked to $580 Million in Stolen Funds Arrested in Bangkok

A 39-year-old Portuguese man, identified as Pedro M., has been arrested in Bangkok for alleged involvement in cryptocurrency and credit card fraud amounting to $580 million. Pedro was found using facial recognition technology after a Portuguese journalist recognized him in a luxury shopping mall. Since 2023, he had been living illegally in Thailand, evading authorities while continuing to commit fraud, including defrauding investors of over 1 million baht ($30,800) during his stay. His criminal activities extended across several countries, including Portugal and the Philippines. This arrest highlights Thailand's ongoing actions against suspected crypto criminals, as authorities have apprehended multiple individuals involved in significant scams in recent months, emphasizing the nation's push to address financial crimes in the digital currency space.

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