Suspect in $128 million BHE Exchange crypto scam arrested in Thailand

GateUser-6433627c · 2026-02-24T02:55:15+00:00

On February 24th, a Chinese suspect nicknamed "Director Duan" was arrested in Thailand for allegedly participating in the BHE Exchange cryptocurrency scam case. The platform attracted approximately 20,000 investors, resulting in a loss of $128 million. He has been deported back to China for investigation.

GateUser-6433627c

2026-02-24 02:55:15

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On February 24, a Chinese suspect known as “Mr. Duan” related to the BHE Exchange cryptocurrency scam was recently arrested in Nakhon Pathom Province, Thailand. BHE Exchange previously issued a token called DDO, promising investors an annual return of 6% and a 20-fold increase within ten years, attracting about 20,000 investors. The platform suddenly shut down afterward, and investors were unable to withdraw their funds, resulting in losses of approximately $128 million (about 900 million RMB). The suspect fled China in 2024 and settled in Thailand, frequently changing residences to avoid detection. Thailand has now revoked his residence permit and deported him back to China for further investigation and prosecution.

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