Founder of crypto pyramid MBI Group extradited to China
On August 20, Thai law enforcement agencies handed over Zhang Moomou, the founder of the crypto pyramid MBI Group, to Chinese authorities.
According to journalists, this is the first case of successful extradition of a suspect in economic crimes from Thailand to China.
MBI Group has been operating since 2012. Victims had to pay a fee of 700 to 245,000 yuan (from $98 to ~$34,300), they were promised high returns on investments in digital currency. More than 10 million people participated in the scam project, the total amount of funds raised exceeded 100 billion yuan (approximately $14 billion).
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