Huang Tianwei, suspected founder of cryptocurrency exchange AEX, was detained at Don Mueang Airport, Thailand, on June 12, 2025, for allegations related to a crypto scam totaling 44 million yuan.
Background of the Arrest
Huang Tianwei, known for leading AEX, was arrested amid allegations involving a sizable crypto scam. He was taken into custody by Thai authorities and is under investigation in relation to the alleged swindle involving two Chinese nationals.
Market Impact and Reactions
CertiK Skynet confirmed Huang's arrest at Don Mueang Airport. He allegedly scammed two individuals of approximately 200 million baht, impacting confidence in centralized digital asset exchanges. No significant market movements have been linked to this incident.
Regulatory and Exchange Responses
Regulatory bodies have yet to issue statements regarding Huang's arrest, highlighting a potential need for enhanced regulatory oversight of exchanges. The lack of leadership response from AEX further muddies user perception amidst this arrest scenario.
Huang Tianwei's arrest may suggest a requirement for reinforced security measures at cryptocurrency exchanges and improved regulatory oversight within this sector.
