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

Cover image via U.Today

 

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.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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