Ufun Executives Arrested in Bangkok for Pyramid Scheme Selling

Ufun Executives Arrested in Bangkok for Pyramid Scheme Selling

  BANGKOK – Thai police arrested four executives on charges of operating a pyramid scheme selling a cryptocurrency called “Utoken”, and stealing over 10 billion baht (roughly US$310 million). Websites promoting Utoken claim that it “will outperform Bitcoin and eventually overtake Bitcoin as the Ultimate Digital Currency”. According to Thailand authorities, the Sunday raid was a result of several complaints […]