Police in Thailand have arrested a 37-year-old Chinese national in Bangkok. Authorities in China want him over his alleged role in an international crime network and in money laundering. The report, published by Cointelegraph on Oct 18, 2026, attaches a $75 million figure to the network.
According to the police, the suspect handled cryptocurrency and foreign-currency exchanges for criminal groups. They say this activity ran through more than 133 accounts. These are allegations made by police. The report does not describe any court finding.
Several things are still unknown. The report does not say exactly what the $75 million figure measures, which crypto platforms or assets were involved, or how the 133 accounts were used. It also does not say whether Thailand will hand the suspect over to China.
For anyone already holding a perpetual futures position, this changes nothing directly. The report does not name Bitget, Bybit, MEXC or OKX, and it does not mention any exchange action, frozen funds or rule change. Based on what has been reported, nothing here affects funding rates, trading fees or liquidity on these four venues.
Source: cointelegraph — Chinese suspect in $75M international crime network arrested in Bangkok