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<ul><li>over 10 million people, embezzling a massive 100 million yuan.</li></ul>China’s Ministry of Public Security has recently announced the extradition of Zhang Moumou, who allegedly led a massive $14 billion crypto pyramid scheme, from Thailand to China. Reportedly, this marks China’s first extradition of a financial criminal suspect through the 1999 China-Thailand extradition treaty.China-Thai Hunting FoxAccording to the Ministry of Public Security’s<a href="https://www.mps.gov.cn/n2253534/n2253535/c9709017/content.html" rel="noopener noreferrer nofollow"> announcement</a>, Chinese and Thai authorities have been searching for the suspect via a special group formed called the “Hunting Fox.” Zhang is allegedly the head of the notorious MBI Group, which operated an online pyramid scheme. The team misled investors by issuing cryptocurrencies and promising high returns on investments.The Sophisticated Pyramid SchemeThe notorious MBI Group orchestrated the scheme that lured people into joining the program, which required a fee of 700 to 245,000 yuan ($98 to $34,316). The authorities revealed that the team ensnared more than 10 million people, with funds accumulated exceeding a massive 100 billion yuan, equivalent to $14 billion.<a href="https://cryptotale.org/china-extradites-notorious-14b-crypto-pyramid-suspect-from-thailand/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

China Extradites Notorious $14B Crypto Pyramid Suspect from Thailand

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