The BHE Exchange DDO token scam led to $128 million in losses for 20,000 investors, with suspect Xiao Duan arrested in Thailand and awaiting extradition to China.
The Thai police have arrested Xiao Duan, the Chinese suspect behind the BHE Exchange scam, which defrauded approximately 20,000 investors of $128 million. BHE Exchange issued DDO tokens, promising 6% annual returns and a 20x value increase over ten years. After the platform abruptly shut down, users lost access to their funds. Duan, who fled China in 2024, had his Thai residency revoked and now awaits deportation to China.