She Zhijiang's Extradition Marks Major Victory in Cross-Border Cryptocurrency Fraud Cases

MEVHunterX · 2026-01-26T05:21:57+00:00

She Zhijiang, charged with orchestrating extensive cryptocurrency fraud and illegal gambling, was extradited to China from Thailand. His operations involved illegal websites and deceptive blockchain projects, demonstrating the need for international cooperation in tackling transnational financial crimes.

MEVHunterX

2026-01-26 05:21:57

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The international law enforcement community achieved a significant breakthrough as She Zhijiang, a fugitive charged with orchestrating massive cryptocurrency fraud schemes, was handed over to Chinese authorities following Thailand’s approval of the extradition. The suspect, also known as Tang Kriang Kai, operated under the guise of blockchain-based financial innovation while simultaneously running one of Southeast Asia’s most extensive illegal gambling and telecommunications fraud networks.

The Scope of the Criminal Enterprise

She Zhijiang’s operations were staggering in scale. Authorities documented the creation and management of 239 illegal gambling websites, with illicit transactions totaling over 12.63 trillion Thai baht—equivalent to approximately 2.77 trillion Chinese yuan. This wasn’t a small-time operation; it represented a sophisticated, multi-platform criminal infrastructure designed to systematically extract money from targeted victims across multiple jurisdictions.

Deceptive Use of Blockchain Technology

The Asia Pacific New City, a massive construction project in the Thai-Myanmar border region’s Shuigou Valley, served as the physical headquarters for She Zhijiang’s scheme. Marketed internationally as the “first project implementing blockchain technology for global financing,” the development was actually a front concealing extensive gambling and fraud operations. The Myawaddy KK Industrial Park in Myanmar functioned as another operational hub where telecommunications scams were coordinated to target Chinese citizens, exploiting online platforms to deceive and defraud vulnerable individuals.

Legal Proceedings and International Cooperation

On November 10th, Thailand’s Supreme Prosecutor’s Office and Court of Appeal upheld the extradition order, determining that She Zhijiang must face trial in China on charges including illegal casino operations and violations of Chinese law. The successful extradition represents a crucial example of international judicial cooperation in combating transnational financial crimes—particularly cryptocurrency fraud schemes that weaponize blockchain’s complexity to mislead regulators and victims alike.

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