PANews reported on March 24 that according to Cryptonews, Thai police arrested two Chinese citizens suspected of cryptocurrency fraud and kidnapping. The scammers lured victims through Facebook to invest in fictitious Singapore dollar investment funds and exchanged the funds for USDT through P2P transactions on Binance and other Thai digital asset exchanges. These stablecoins were then transferred to a digital wallet registered by one of them in Cambodia. In addition, the police found that the suspects' accounts were related to at least 63 fraud cases. The total amount of stolen funds reported by the police was close to 18 million US dollars. Thai police said that the two suspects will first undergo legal proceedings in Thailand and then be handed over to Chinese authorities for prosecution under Chinese law.