Crypto Exchange Founder Arrested Over Alleged 200 Million Baht Crypto Scam in Thailand

AEX cryptocurrency exchange founder, Huang Tianwei, was arrested at Don Mueang Airport in Thailand on June 12, 2025, for allegedly scamming two Chinese nationals out of approximately 200 million baht. The arrest followed allegations that he engaged in a crypto scam involving the disappearance of these funds from his platform. CertiK Skynet, a blockchain security platform, reported Huang’s detention and confirmed his alleged involvement in the scam. While market movements haven’t been significantly affected by the incident, regulatory bodies and exchanges are currently evaluating how to address this situation.