Bangkok: The Commander of the Economic Crime Suppression Division has revealed that 61 victims have filed complaints against "Acme," a cryptocurrency trader, alleging fraud totaling over 76 million baht. Investigations into the digital currency scam have shown that the remaining balance in the digital wallets involved is less than one million baht.
According to Thai News Agency, Pol. Maj. Gen. Tatsapoom Jarupraj, the Commander of the Economic Crime Suppression Division, provided updates on the case involving the defrauded victims. Each victim reportedly invested between 1-2 million baht, with initial damage estimates at 76 million baht. However, the actual number of victims and the total financial damage could be in the hundreds of millions. The scheme is identified as a pyramid scheme, offering returns exceeding legal limits and has been operational since 2024. It is being investigated under the Computer Crime Act and for fraud against the public. Authorities believe the suspect is not acting alone and is currently a fugitive residing abroad.
Mr. Worawat, a key figure in the investigation, left Thailand on November 15, 2024, fleeing after an arrest warrant was issued. Information regarding a previous arrest warrant from 2025 has been forwarded to Interpol. Authorities are also examining whether Mr. Worawat's creation of the ACT digital coin is in violation of the Digital Asset Business Act. The case involves trading between individuals, which may constitute an offense.
Despite an existing arrest warrant, Mr. Worawat managed to deceive the public into investing by enhancing his image and credibility through photos with prominent figures. He falsely claimed that the arrest warrant against him was fake. The SEC had previously filed complaints in two other cases in 2025 related to fraud involving the PunX website, impacting approximately 40 investors with damages totaling 10 million baht. Arrest warrants and red notices have been issued in those cases. Currently, there is no evidence implicating Mr. Worawat's actress wife in the fraudulent activities.
Pol. Col. Chamnan Chanthet, Superintendent of Division 4 of the Economic Crime Suppression Division, reported that initial investigations into Mr. Worawat's wallet show a remaining balance of less than one million baht. Although there is evidence of financial transactions both domestically and internationally, the process of seizing the wallet involves specific legal procedures, and a request for investigation has been submitted.