Thursday, March 23, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Scam News

Thailand Police unit arrests suspect of a $15M crypto scam

by ethozedge
December 28, 2021
in Scam News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


The suspect is said to have collaborated with others to steal from unsuspecting victims through a bogus cryptocurrency scheme

This weekend, Thailand’s Crime Suppression Division apprehended Mana Jumuang for running a cryptocurrency scheme that saw victims lose their funds between 2018 and 2019. The 50-year old is said to have been the mastermind behind the scam operation. He illegally obtained more than 500 million Baht (the equivalent of almost $15 million) before deserting investors.

According to a story in the Bangkok Post, Jumuang had co-conspirators with whom he ran the scheme. He is said to have lured both local and foreign victims by promising them that they would gain huge profits in the range of 400% after an investment period of 200 days.

Jumuang presented himself as a crypto guru to investors to earn their trust promising good returns from the cryptocurrency Onecoin. Unaware that it is but a scam to steal from them, the unsuspecting investors would plough in huge sums of money into the fraudulent scheme.

Classic Ponzi scheme

Speaking about the case, Police Major General Montri Thetkhan, who commands the Crime Suppression Division, said that Jumuang and his accomplice posed as businessmen in addition to claiming they were digital assets trading experts. They deceived investors into thinking they operated stores dealing with food, cosmetics, vehicles, and apparel.

To sell the scheme and draw in more investors, Jumuang paid dividends to the earlier participants. He became unreachable when the amount channelled into the scheme hit 500 million Baht. The investors started filing reports after Jumuang and his ‘partners’ went off the grid, which saw Thailand authorities put out an arrest warrant. He was busted in May 2019, but he fled after being released on bail. It is reported that a total of 14 arrest warrants had been issued for Jumuang before his Saturday apprehension.

The scheme is similar to that involving the ‘Cryptoqueen’

Authorities are investigating the matter to find out if Jumuang’s fraudulent scheme has any connection to an earlier Ponzi scheme around Onecoin. The latter was managed by Bulgarian convicted fraudster Ruja Ignatova who was referred to by the media as ‘Cryptoqueen.’

Ignatova’s scheme defrauded victims from all around the world about $4 billion between 2014 and 2016 before going missing in 2017. Prior to founding the Ponzi scheme that ran under the crypto coin OneCoin, Ignatova swindled funds in another scheme dubbed BigCoin.  OneCoin has been described as a fake cryptocurrency as it isn’t traded and cannot be used to settle payments for purchases. It was launched in September 2014 by Ignatova and her brother with help from Sebastian Greenwood.



Source link

Tags: 15Marrestsbitcoin newsCryptocrypto analysiscrypto newsEthoz EdgeLatest bitcoin newslatest crypto newspoliceScamsuspectThailandUnit
Share76Tweet47

Related Posts

AI dApp Harvester Keeper gets hacked for almost $1M

by ethozedge
March 20, 2023
0

Ad The recently launched AI trading app called Harvest Keeper saw almost $1 million of users’ funds drained through a...

Crypto investment fraud in the US hits record $2.57B – up 183% YoY

by ethozedge
March 16, 2023
0

Cryptocurrency investment fraud in the U.S. was up almost 3x year-over-year in 2022 — making investment fraud the “costliest scheme...

ZachXBT bids adieu to crypto community requests

by ethozedge
March 9, 2023
0

Ad In a recent tweet, on-chain detective ZachXBT said he “sincerely meant” he was ending community requests for help with...

DeFi platforms lost over $21M to hackers in February: DefiLlama data

by ethozedge
March 6, 2023
0

One of the largest is the flash loan reentrancy attack on Platypus Finance. DefiLlama has highlighted seven noteworthy hacks in...

Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%

by ethozedge
March 2, 2023
0

Ad Arbitrum-based decentralized exchange (DEX) ArbiSwap rugged users on March 2, and as of press time, the ARBI token has...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Kraken Halts ACH Deposits and Withdrawals via Silvergate

March 23, 2023

Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo — CoinDesk

March 23, 2023

8 Best Crypto Airdrops in 2023: Get Free Crypto

March 23, 2023

Is There a Sunny Outlook for Solana?

March 23, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$28,441.00-0.87%
  • ethereumEthereum(ETH)$1,835.972.04%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.01-0.30%
  • binancecoinBNB(BNB)$331.180.29%
  • usd-coinUSD Coin(USDC)$1.010.02%
  • rippleXRP(XRP)$0.4484391.37%
  • cardanoCardano(ADA)$0.3794971.09%
  • dogecoinDogecoin(DOGE)$0.0779361.92%
  • staked-etherLido Staked Ether(STETH)$1,831.502.07%
  • matic-networkPolygon(MATIC)$1.140.18%
  • solanaSolana(SOL)$22.45-1.49%
  • binance-usdBinance USD(BUSD)$1.00-0.50%
  • polkadotPolkadot(DOT)$6.382.14%
  • litecoinLitecoin(LTC)$93.4615.56%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.40%
  • tronTRON(TRX)$0.064918-3.48%
  • avalanche-2Avalanche(AVAX)$17.640.64%
  • daiDai(DAI)$1.00-0.20%
  • uniswapUniswap(UNI)$6.382.48%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,500.00-0.54%
  • chainlinkChainlink(LINK)$7.591.16%
  • cosmosCosmos Hub(ATOM)$11.780.15%
  • ToncoinToncoin(TON)$2.26-7.69%
  • leo-tokenLEO Token(LEO)$3.36-0.80%
  • ethereum-classicEthereum Classic(ETC)$20.891.92%
  • moneroMonero(XMR)$155.501.01%
  • okbOKB(OKB)$44.91-1.89%
  • bitcoin-cashBitcoin Cash(BCH)$129.10-0.91%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0935121.01%
  • filecoinFilecoin(FIL)$5.972.58%
  • AptosAptos(APT)$13.279.01%
  • lido-daoLido DAO(LDO)$2.381.51%
  • true-usdTrueUSD(TUSD)$1.00-0.09%
  • hedera-hashgraphHedera(HBAR)$0.0629340.03%
  • quant-networkQuant(QNT)$128.15-0.03%
  • nearNEAR Protocol(NEAR)$2.072.49%
  • crypto-com-chainCronos(CRO)$0.070509-0.06%
  • vechainVeChain(VET)$0.0236861.80%
  • ArbitrumArbitrum(ARB)$1.30-74.28%
  • blockstackStacks(STX)$1.183.80%
  • algorandAlgorand(ALGO)$0.221000-2.54%
  • internet-computerInternet Computer(ICP)$5.230.30%
  • apecoinApeCoin(APE)$4.152.05%
  • fantomFantom(FTM)$0.501.98%
  • the-graphThe Graph(GRT)$0.1535532.99%
  • eosEOS(EOS)$1.172.10%
  • the-sandboxThe Sandbox(SAND)$0.670.37%
  • decentralandDecentraland(MANA)$0.620.95%
  • aaveAave(AAVE)$78.230.69%
  • elrond-erd-2MultiversX(EGLD)$43.761.47%
  • tezosTezos(XTZ)$1.181.85%
  • flowFlow(FLOW)$1.030.29%
  • immutable-xImmutableX(IMX)$1.22-7.74%
  • theta-tokenTheta Network(THETA)$1.051.10%
  • fraxFrax(FRAX)$1.00-0.19%
  • axie-infinityAxie Infinity(AXS)$8.720.86%
  • kucoin-sharesKuCoin(KCS)$9.09-1.69%
  • neoNEO(NEO)$12.422.41%
  • havvenSynthetix Network(SNX)$2.72-3.28%
  • optimismOptimism(OP)$2.55-2.33%
  • conflux-tokenConflux(CFX)$0.379730-6.55%
  • rocket-poolRocket Pool(RPL)$40.49-0.07%
  • BitDAOBitDAO(BIT)$0.54-2.60%
  • gatechain-tokenGate(GT)$5.400.93%
  • paxos-standardPax Dollar(USDP)$1.00-0.26%
  • curve-dao-tokenCurve DAO(CRV)$0.98-0.84%
  • terra-lunaTerra Luna Classic(LUNC)$0.000127-0.40%
  • mina-protocolMina Protocol(MINA)$0.852.59%
  • bitcoin-cash-svBitcoin SV(BSV)$37.620.88%
  • usddUSDD(USDD)$1.00-0.68%
  • klay-tokenKlaytn(KLAY)$0.2332121.05%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.01-0.12%
  • dashDash(DASH)$62.9910.88%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.80-0.38%
  • gmxGMX(GMX)$77.23-1.62%
  • chilizChiliz(CHZ)$0.1234890.57%
  • sapphireSapphire(SAPP)$0.7035.32%
  • ecasheCash(XEC)$0.0000322.51%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$684.490.28%
  • frax-shareFrax Share(FXS)$8.242.60%
  • iotaIOTA(MIOTA)$0.2176521.51%
  • bittorrentBitTorrent(BTT)$0.000001-0.99%
  • huobi-tokenHuobi(HT)$3.70-7.21%
  • singularitynetSingularityNET(AGIX)$0.492399-2.93%
  • Bitget TokenBitget Token(BGB)$0.400346-0.89%
  • compound-ethercETH(CETH)$36.871.30%
  • xdce-crowd-saleXDC Network(XDC)$0.039621-0.77%
  • EdgecoinEdgecoin(EDGT)$1.01-0.22%
  • Tokenize XchangeTokenize Xchange(TKX)$6.531.27%
  • pax-goldPAX Gold(PAXG)$1,998.971.60%
  • trust-wallet-tokenTrust Wallet(TWT)$1.200.11%
  • render-tokenRender(RNDR)$1.36-4.49%
  • tether-goldTether Gold(XAUT)$1,992.03-0.04%
  • radixRadix(XRD)$0.04733814.13%
  • zilliqaZilliqa(ZIL)$0.0286532.14%
  • mask-networkMask Network(MASK)$6.0517.36%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • loopringLoopring(LRC)$0.3658004.89%
  • osmosisOsmosis(OSMO)$0.82-1.16%
  • compound-usd-coincUSDC(CUSDC)$0.022864-0.12%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • 1inch1inch(1INCH)$0.530.42%
  • thorchainTHORChain(RUNE)$1.451.73%
  • arweaveArweave(AR)$8.56-1.83%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,966.712.18%
  • convex-financeConvex Finance(CVX)$5.51-0.66%
  • zcashZcash(ZEC)$38.367.56%
  • oec-tokenOKC Token(OKT)$23.171.08%
  • fetch-aiFetch.ai(FET)$0.390357-0.48%
  • enjincoinEnjin Coin(ENJ)$0.4055711.77%
  • dydxdYdX(DYDX)$2.642.38%
  • casper-networkCasper Network(CSPR)$0.037052-0.61%
  • kavaKava(KAVA)$0.89-1.97%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.68%
  • nexoNEXO(NEXO)$0.715.35%
  • btse-tokenBTSE Token(BTSE)$2.410.38%
  • DeFiChainDeFiChain(DFI)$0.58-0.83%
  • basic-attention-tokenBasic Attention(BAT)$0.2568954.06%
  • FlareFlare(FLR)$0.0316730.16%
  • EthereumPoWEthereumPoW(ETHW)$3.491.68%
  • FLOKIFLOKI(FLOKI)$0.000038-2.12%
  • cdaicDAI(CDAI)$0.022228-0.34%
  • ethereum-name-serviceEthereum Name Service(ENS)$14.081.03%
  • nemNEM(XEM)$0.040079-0.53%
  • DogechainDogechain(DC)$0.001787-24.98%
  • Nexus MutualNexus Mutual(NXM)$52.511.99%
  • MagicMagic(MAGIC)$1.65-8.94%
  • woo-networkWOO Network(WOO)$0.2080112.01%
  • qtumQtum(QTUM)$3.313.65%
  • WEMIXWEMIX(WEMIX)$1.40-2.05%
  • injective-protocolInjective(INJ)$4.252.11%
  • Aleph ZeroAleph Zero(AZERO)$1.550.19%
  • holotokenHolo(HOT)$0.0019002.08%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-3.13%
  • theta-fuelTheta Fuel(TFUEL)$0.0550352.45%
  • galaGALA(GALA)$0.043051-0.16%
  • terra-luna-2Terra(LUNA)$1.36-2.80%
  • ravencoinRavencoin(RVN)$0.0268560.10%
  • kusamaKusama(KSM)$35.253.80%
  • celoCelo(CELO)$0.642.45%
  • compound-governance-tokenCompound(COMP)$44.470.28%
  • oasis-networkOasis Network(ROSE)$0.0598321.00%
  • decredDecred(DCR)$20.092.22%
  • bitcoin-goldBitcoin Gold(BTG)$16.91-0.63%
  • Access ProtocolAccess Protocol(ACS)$0.0098863.96%
  • gnosisGnosis(GNO)$113.441.28%
  • Gains FarmGains Farm(GFARM2)$8,150.47-3.26%
  • BeldexBeldex(BDX)$0.0558790.74%
  • olympusOlympus(OHM)$10.361.08%
  • yearn-financeyearn.finance(YFI)$8,736.18-0.81%
  • AstarAstar(ASTR)$0.065717-2.33%
  • audiusAudius(AUDIO)$0.2882251.48%
  • KaspaKaspa(KAS)$0.0163421.30%
  • balancerBalancer(BAL)$7.095.62%
  • ankrAnkr Network(ANKR)$0.0347121.00%
  • linkLINK(LN)$42.141.17%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.48%
  • harmonyHarmony(ONE)$0.0220421.45%
  • liquity-usdLiquity USD(LUSD)$1.02-0.04%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.15-2.60%
  • chiaChia(XCH)$38.621.37%
  • stepnSTEPN(GMT)$0.4177703.25%
  • nucypherNuCypher(NU)$0.2014324.43%
  • SSV NetworkSSV Network(SSV)$36.56-0.13%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • huobi-btcHuobi BTC(HBTC)$28,539.000.02%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • convex-crvConvex CRV(CVXCRV)$0.87-0.11%
  • Gains NetworkGains Network(GNS)$8.264.41%
  • AstraferAstrafer(ASTRAFER)$1.600.63%
  • omisegoOMG Network(OMG)$1.79-1.08%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • golemGolem(GLM)$0.2474260.76%
  • BlurBlur(BLUR)$0.59-5.00%
  • iotexIoTeX(IOTX)$0.0256451.84%
  • moonbeamMoonbeam(GLMR)$0.3950662.03%
  • jasmycoinJasmyCoin(JASMY)$0.0049180.78%
  • justJUST(JST)$0.026358-1.64%
  • bloxBlox(CDT)$0.344124-17.98%
  • DAO MakerDAO Maker(DAO)$1.565.67%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • kadenaKadena(KDA)$1.02-0.69%
  • escoin-tokenEscoin(ELG)$2.881.03%
  • Frax EtherFrax Ether(FRXETH)$1,836.432.13%
  • wavesWaves(WAVES)$2.260.49%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • ecomiECOMI(OMI)$0.000834-3.27%
  • tether-eurtEuro Tether(EURT)$1.090.58%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • amp-tokenAmp(AMP)$0.003938-0.29%
  • nervos-networkNervos Network(CKB)$0.00651712.99%
  • band-protocolBand Protocol(BAND)$1.751.88%
  • siacoinSiacoin(SC)$0.0041251.33%
  • sushiSushi(SUSHI)$1.10-5.21%
  • ontologyOntology(ONT)$0.2384522.62%