Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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She Zhijiang, a criminal involved in illegal blockchain financing projects, was extradited back to China today.

2025-11-12 13:32

According to Odaily, Tang Kriang Kai, a Cambodian citizen of Chinese descent involved in a transnational criminal scheme related to illegal blockchain financing, was escorted by Thai police to Bangkok's Suvarnabhumi Airport today and extradited back to China. Previously, on November 10th, the Thai Supreme Prosecutor's Office stated that the Court of Appeal upheld the lower court's ruling, ordering the extradition of Tang Kriang Kai for trial on charges of illegally operating casinos and other violations of Chinese law.

She Zhijiang's main crimes included creating and operating 239 illegal gambling websites, involving over 12.63 trillion Thai baht (approximately 2.77 trillion yuan). He conducted gambling and telecom fraud activities for a long time in the Myawaddy KK Industrial Park and the "Asia Pacific New City" in Myanmar, using online platforms to lure Chinese citizens into illegal transactions. She Zhijiang also built the Asia Pacific New City in the Shuigou Valley area on the Thai-Myanmar border, claiming it was the first project to implement blockchain technology for global financing, but in reality, it was used for online gambling and telecom fraud operations.