AEX Founder Arrested Over Alleged Crypto Scam in Thailand

Huang Tianwei, suspected founder of cryptocurrency exchange AEX, was detained at Don Mueang Airport, Thailand, on June 12, 2025. He faces allegations of scamming two Chinese nationals out of 44 million yuan through his exchange activities.

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.

Huang Tianwei, suspected founder of crypto exchange AEX, was arrested at Don Mueang Airport in Thailand for allegedly scamming two Chinese nationals out of approximately 200 million baht in crypto assets, and has been transferred to Chiang Rai police for further investigation,” said CertiK Skynet, a blockchain security platform.

Huang Tianwei Detained Amid Investigation into Crypto Scam

CertiK Skynet confirmed Huang’s arrest at Thailand’s 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.

The reported scam amount, albeit substantial for individuals, had no profound effect on crypto market prices or instigated major liquidity changes. Bitcoin and Ethereum prices showed stability, suggesting limited market impact from the arrest.

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.

Exchanges facing founder legal issues historically experience trust erosion and asset withdrawals. The consequences of Huang’s arrest could hint at a need for reinforced exchange security measures and more rigorous oversight in this sector.