Thailand extradits Malaysian businessman to China over $14 billion cryptocurrency scam

Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China in connection with a massive cryptocurrency scam worth more than 100 billion yuan ($14 billion). This marks the first extradition under the Thailand-China treaty since 1999. Teow, the founder of MBI Group, is accused of running a pyramid scheme that defrauded (…)