BHE Exchange Suspect in 900 Million RMB Fraud Case Arrested in Thailand After 2 Years on the Run

Odaily News A Chinese national suspected of involvement in the cryptocurrency exchange BHE Exchange fraud case has been arrested in a residential area in Samut Prakan province, Thailand. The man is accused of issuing the token DDO through BHE Exchange, promising investors an annual return of 6% and a 20-fold increase in value within ten years, after which the platform shut down and its principals went missing. The case involves approximately 20,000 victims, with losses exceeding $128 million, equivalent to about 900 million RMB. The man fled China in 2024 and settled in Thailand, frequently changing residences during his stay. Thai authorities have now revoked his residence permit and transferred him to the Immigration Investigation Division for detention, pending deportation to China to face trial.