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Thai police arrest scammer who used fake program called Tidex to scam cryptocurrency

Thai police launched raids in four areas to dismantle a hybrid fraud ring called Lock Star and arrested two Chinese citizens and four Thais on charges of illegal assembly, conspiracy to participate in a transnational criminal organization, public fraud, inputting false information into computer systems and money laundering, the Internet reported.。Police also seized about 30 million baht worth of cash and other assets during the operation.。The scammers allegedly used a bogus program called Tidex to scam investors out of cryptocurrencies by promising high returns before selling them and converting them into Thai baht.。

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