Thai authorities arrested Chinese national Liang Ai-Bing, alleged mastermind of FINTOCH’s $31 million crypto Ponzi scheme, following a coordinated cross-border intelligence operation in Bangkok.
Alleged Mastermind Behind $31M FINTOCH Exit Scam Arrested in Thailand
Thai authorities arrested Liang Ai-Bing, a Chinese national accused of orchestrating a $31 million crypto Ponzi scheme, at a luxury Bangkok residence on October 29, 2025.
According to a local report, the arrest follows a coordinated intelligence operation between Thai and Chinese law enforcement targeting one of Asia’s most notorious digital currency fraud cases.
Liang had been living alone in a three-story home office in Wang Thonglang district since December 2024, paying approximately $4,645 monthly in rent.
Police discovered an unlicensed Beretta pistol and 20 rounds of ammunition during the raid, adding weapons charges to his alleged fraud activities.
The FINTOCH Deception: A Multi-Million Dollar Fraud Network
Chinese authorities allege Liang worked with four accomplices, Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun, to create FINTOCH between December 2022 and May 2023.
The fraudulent platform promised investors 1% daily returns while falsely claiming ownership by investment giant Morgan Stanley.
The scheme attracted victims across multiple Asian countries before collapsing spectacularly.
The operation was methodically organized with distinct roles. Liang and Tang handled platform development while Al and Wu managed public relations and promotion.
Zuo oversaw marketing operations before being arrested by Chinese authorities and released on bail, making him the only suspect who did not flee the country.
The division of labor allowed the team to maintain a professional facade while systematically defrauding investors.
On-chain investigator ZachXBT exposed the scheme’s collapse in May 2023, when the team exit-scammed, withdrawing 31.6 million USDT from Binance Smart Chain.
The stolen funds were bridged across multiple addresses on Tron and Ethereum networks as investors simultaneously reported withdrawal failures. Both Singapore’s Monetary Authority and Morgan Stanley had issued public warnings about the scheme before its collapse, with Morgan Stanley explicitly stating it had no affiliation with FINTOCH and does not conduct business through social media or mobile applications.
From Actors to Assets
The FINTOCH operation employed sophisticated deception tactics that extended beyond traditional fraud methods.
The website featured “Bobby Lambert” as CEO, though he was actually a paid actor with no connection to financial services.
