Thailand’s Central Bank: Thai 5,564-BTC Fraud Not About Crypto

  • Yuri Molchan
    📰 News

    Head of Thai’s Central Bank warns investors


Thailand’s Central Bank: Thai 5,564-BTC Fraud Not About Crypto

 

The recent fraud involving a famous Thai actor and the 5,564 BTC stolen from a Finnish investor has got a lot of attention on a global scale. However, the head of the Bank of Thailand (BOT) Veerathai Santiprabhob insists this fraud is not about virtual assets or crypto trading. It is about using money for the wrong purposes.

He reminded everyone that investing in crypto is highly risky owing to volatility and that it is wise to spend only as much funds on crypto as one can afford to part with for good.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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