Man scammed out of over 2 billion VND while investing in cryptocurrency.
When victims want to withdraw money, they have to deposit more funds under the pretext of verification fees, VIP account upgrades, or security deposit fees... but ultimately, they are still defrauded.
Hanoi City Police said that in recent times, functional units of the police force have warned about fraudulent schemes when participating in cryptocurrency investments.
These scammers often present this as a high-interest project, promising initial profits and encouraging investors to deposit more money. Later, they advise people to continue investing even more, then prevent withdrawals, thus defrauding the investors.
Recent,Department of Cyber Security and High-Tech Crime PreventionHanoi City Police have received a report from a victim alleging the theft of over 2 billion VND while investing in Bitcoin.
According to the victim's statement, through an introduction from an old friend, within just two days, the victim deposited money into the ACO dold system and won $226,000.
When attempting to withdraw money, the perpetrators requested the victim to deposit additional funds under various pretexts such as verification fees, VIP account upgrades, and security risk fees... but ultimately, the money was never withdrawn. In total, the victim made 15 transactions and lost over 2 billion VND...
To prevent fraud, the Cyber Security and High-Tech Crime Prevention Department of the Hanoi City Police recommends that citizens be vigilant when participating in financial investments through investment applications and international exchanges advertised with high interest rates, as these pose a potential risk of fraud. Citizens should protect themselves and avoid falling into financial traps. In case of any suspected fraud, citizens should contact the police for prompt resolution in accordance with regulations.
According to a complaint filed with the press, an investor named NXT (residing in Hoang Mai district, Hanoi) stated that, due to his gullibility, he was scammed and lost a total of over 1.2 billion VND.
Specifically, in early June 2022, NXT was tricked by NNP using sophisticated methods. Initially, NNP befriended him on Zalo and Telegram, asked for his phone number, shared investment information, and used flattering words, boasting about being a successful person who earned a lot of money and bought many houses to win over the investor.
NNP instructed NXT to transfer VND to NNP's secretary's account to buy $100. Afterward, NNP organized the execution of trading orders on Polkswallet.com at 2 PM, 4 PM, 8 AM, and 10 AM.
Initially, the experience seemed profitable, but when the time was right, NNP exploited NXT's greed, repeatedly messaging and calling NXT, urging him to deposit more money into the account.
When Mr. NXT borrowed a large sum of money and deposited it into the account, NNP offered to act as a trustee, sharing the profits according to an agreement of 30% and 70%. Mr. NXT, trusting NNP, handed over the account to NNP and NNP's team.
When NXT saw that his account had made a significant profit and wanted to withdraw the money, NNP requested that he pay a 10% tax on the account value before the withdrawn amount would be transferred to NXT's bank account.
Mr. NXT agreed to pay the full 10% (approximately 300 million VND), but NNP interfered with the system, reported errors, and gave various reasons to explain why Mr. NXT could not withdraw the money.
Later, NXT followed NNP's advice and borrowed money from relatives to pay the 10% tax (300 million VND) so he could withdraw both the principal and interest, which amounted to several billion VND. However, immediately after paying the second 300 million VND (total tax payments of 600 million VND), NXT still did not receive the money in his personal account. NNP blocked his phone number and social media accounts (Zalo, Telegram), making it impossible to contact him.
Notably, according to Mr. NXT's statement, based on NNP's citizen identification card, he went to NNP's locality to have the police verify its authenticity and learned that it was a fake citizen identification card; NNP did not have a permanent residence at the address stated on that card...
Mr. NXT stated that he has prepared a complaint to send to the Hanoi City Police requesting verification and clarification of NNP's fraudulent activities and appropriation of property, so that she can be prosecuted criminally in accordance with the law.
