Categories: Bitcoin Business

Thai Police Arrest Suspect in $24 Million Bitcoin Scam

Click here to view original web page at

Thai police have detained 27-year old actor Jiratpisit "Boom" Jaravijit in an alleged $24 million cryptocurrency scam, Bangkok Post reported August 9.

Jiratpisit is reportedly one of the seven suspects in the alleged crime, including his older brother and sister. On July 26, the Criminal Court awarded a warrant for his arrest following a complaint from a Finnish man that he had fraudulently lured foreigners into investing 797 million baht (nearly $24 million) worth of cryptocurrencies. Jiratpisit has been detained on charges of money-laundering activity, which he denies.

The alleged cybercrooks reportedly promised to purchase shares in companies that invested in the cryptocurrency Dragon Coin. According to the Bangkok Post, investors did not receive dividends from their supposed investment or an invitation to a shareholders’ meeting. The Crime Suppression Division states that the criminals withdrew BTC from their e-wallets and then converted it to baht.

Earlier this week, South Korean police raided the office Shinil Group, whose alleged crypto scam promised investors the spoils of Russian warship Dmitrii Donskoi, that sank 113 years ago. To encourage investors to purchase the company’s own cryptocurrency, Shinil allegedly promised to reimburse them with the gold from the ship. The coin reportedly attracted 60 billion won ($53.7 million) in investments from around 100,000 investors since its launch this year. However, there is no clear evidence that the ship contained anything of value.

Recently, Tokyo-based security software manufacturer Trend Micro found BTC automated teller machine (ATM) malware available for purchase online. Trend Micro cites an advertisement posted by an “apparently established and respected” user on a darknet forum. For the price of $25,000, criminals could purchase Bitcoin ATM malware accompanied by a ready-to-use card with EMV and near-field communication (NFC) capabilities.

Jiratpisit is reportedly one of the seven […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

The Entire Bitcoin Dynamic is Changed by the Lightning Network, Says Samson Mow

Samson Mow, BTCC Exchange’s Founder and Magical Crypto Friends and Blockstream’s present CSO, recently shared his views on Bitcoin’s status… Read More

2 hours ago

Bitcoin History Part 15: Silk Road Is Born

Silk Road launched in February 2011 as the darknet’s first bitcoin-based marketplace. Within four months, it would be the darknet’s… Read More

2 hours ago

Sunday Digest: Bitcoin Price, Pantomime Season, More Craig Wright Lies

Share Tweet Send Share This week, US President, Donald J Trump, decided that he would like to buy Greenland, thereby… Read More

2 hours ago

Bitcoin Twitter Is Daydreaming About a Hong Kong Bank Run

Crypto-fever dreamers cheered as Hong Kong protesters suggested organizing a bank run, but apparently rioters didn't flock to bitcoin. |… Read More

2 hours ago

World Bank issues second tranche of Ethereum blockchain kangaroo bond

'Kangaroo bond' is the name given to a foreign bond, issued in the Australian market and denominated in Australian dollars.… Read More

2 hours ago

What the Theft of a BBC Reporter’s $30,000 in Ethereum Shows About Cryptocurrency

Last week, BBC contributor Monty Mumford lost $30,000 of Ethereum . This came after a logical thought process: invest in… Read More

2 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More