Huang Tianwei, founder of the AEX crypto exchange, has been released on bail following his arrest in Thailand in connection with fraud allegations. His detention is linked to investor deception.
Huang Tianwei's Arrest
Huang Tianwei was arrested on June 12 at Don Mueang International Airport in Thailand. He was detained by immigration police following a court-issued arrest warrant related to serious fraud allegations.
Challenges in Fund Recovery
After AEX collapsed, users faced difficulties retrieving their funds. Only a few clients managed to recover their deposits, primarily through direct confrontations with Huang. In one instance, a group of victims used his family genealogy to recover a significant portion of their funds.
Comparison with FTX Case
Huang Tianwei's arrest has drawn comparisons to the SBF case, with both involving fraud allegations and investment losses. However, the scale of the losses in the AEX case appears more localized.
The situation surrounding Huang Tianwei's arrest highlights ongoing issues within the cryptocurrency industry concerning trust and security in investments.
