Liang Ai-Bing, a Fintoch crypto Ponzi administrator, was apprehended on October 29, 2025, at a luxury home office in Bangkok's Wang Thonglang district. He had lived there alone since December 2024. This arrest in Thailand followed an international warrant from Chinese authorities, who had earlier detained another Fintoch admin in China.
Thai police found Liang at a workstation filled with electronic devices inside the three-story residence. He offered no resistance during the apprehension. Officers also discovered an unlicensed Beretta pistol and 20 rounds of ammunition at the scene.
Fintoch operated as a purported decentralized financial platform, promising investors daily returns as high as 1% on cryptocurrency investments. The scheme, which claimed to use "hybrid yield farming" strategies, marketed itself as a secure method for growing digital assets. US nationals Mike Provenzano and Joel Fry fronted Fintoch, appearing in promotional materials as the public faces of the operation. Behind them, a group of Chinese scammers directed the scheme, believed to have operated primarily from Southeast Asia.
The Fintoch scheme collapsed in May 2023. Chinese authorities initiated an investigation soon after, responding to numerous victim reports filed locally. The investigation identified Chinese nationals Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun as the primary operators behind Fintoch.
Investigators found that after the scheme's collapse, the core scammers returned to China. Upon learning they were under investigation, all but one managed to flee the country again. Chinese authorities apprehended Zuo Lai-Jun, while the remaining three suspects—Al Qing-Hua, Wu Jiang-Yan, and Tang Zhen-Que—remain at large. Liang Ai-Bing's arrest in Thailand suggests the other fugitives might also be scattered across Southeast Asia, with Dubai another suspected location for their operations or hideouts.
In Thailand, Liang faces charges for illegal possession of a firearm and ammunition, along with illegal entry into the country as a foreign national. Thai authorities are now coordinating with their Chinese counterparts to initiate extradition proceedings.
Chinese authorities have reported Fintoch losses in China total approximately $14 million, impacting an estimated one hundred victims. The scheme, however, targeted consumers globally. Regulatory fraud warnings against Fintoch were issued by financial bodies in Singapore, Malaysia, Canada, and California. These warnings typically cited the scheme's unlicensed operations and characteristics consistent with a Ponzi structure.
Fintoch and its subsequent reboot, SCF Finance, maintained active operations within China despite targeting a wider international audience. After SCF Finance collapsed in October 2023, Chinese investors were the first to experience account lockouts. Investors outside China faced similar restrictions roughly 24 hours later. The total worldwide losses from both Fintoch and SCF Finance remain unknown. The search for the remaining Fintoch fugitives continues across international borders.