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virtual currency
Latest news related to virtual currency
Dismantling a fraud ring of tens of thousands of billions of dong through virtual currency
The police agency has just dismantled a network of activities "Violating regulations on multi-level marketing" and "Using computer networks, telecommunications networks, and electronic means to commit acts of property appropriation" through the form of mobilizing financial investment in virtual cryptocurrencies on a large scale, operating nationwide.
Law
More than 3,000 investors fell into the trap of a virtual currency project, having about 200 billion VND appropriated.
The police have just dismantled a group of people who issued and promoted investment in virtual currency projects. From 2022 to now, the subjects have mobilized up to 7.86 million USD (equivalent to about 200 billion VND) from more than 3,000 investor accounts.
Latest announcement from the Security Agency investigating the billion-dollar virtual currency ring
The Investigation Security Agency, Phu Tho Provincial Police, released information related to the investigation process of a multi-billion-dollar virtual currency investment fraud case.
Curtain falls on the act of impersonating a pretty girl to 'trick' a 70-year-old man by a group of suspects in the Golden Triangle Special Zone
After being trained in “fraud scripts” in the Golden Triangle Special Zone, Vi Van Linh disguised himself as a pretty girl to approach, get acquainted with, and win over a 70-year-old man. Within more than a month, because he trusted his lover, the old man invested more than 18 billion VND in virtual currency. Not only that, Linh and his accomplices also texted many times to ask for money to buy jewelry and gifts for the holidays, “pocketing” a large sum of money.
A man pretending to be a beautiful woman tricked an old man into investing in virtual currency and appropriated more than 19 billion.
In the “Golden Triangle” special zone, Vi Van Linh used a fake Facebook account, pretending to be a pretty girl to approach and get acquainted with a man in Lam Dong province. After a period of flirting and falling in love, Linh and his accomplices defrauded this victim of more than 19 billion by luring him to invest in virtual currency.
Woman falls into virtual currency exchange trap, loses nearly 8 billion VND
Receiving a message inviting her to invest in virtual currency, Ms. T. immediately transferred nearly 8 billion with the expectation of receiving high interest rates, but the entire amount was later appropriated.
From creditor to accomplice in fraud
Knowing each other from real estate investments, Truong Minh Nam agreed to mortgage his two "red books" so Dinh Hoai Nam could borrow money. When Minh Nam needed money for work, Hoai Nam ordered a fake "red book" in his friend's name. Minh Nam knew the "red book" was fake but agreed to mortgage it with Hoai Nam to borrow money.
How sophisticated was the 10,000 billion VND virtual currency fraud ring that was busted?
May 30, 2025 10:50
Authorities have just urgently dismantled a property fraud ring operating on the internet with a scale of up to nearly 10,000 billion VND, stretching from North to South.
Impersonating a virtual currency 'expert', defrauding victims nationwide of tens of billions of dong
May 30, 2025 07:25
A subject in Ho Chi Minh City impersonated a reputable person in the virtual currency field to defraud and appropriate tens of billions of dong from many victims across the country.
Resolution on virtual currency management to be submitted before March 13
March 12, 2025 11:30
Before March 13, the Ministry of Finance must submit a pilot resolution on the management of digital assets and virtual currencies. This could pave the way for legal cryptocurrency exchanges in Vietnam.
Nghe An police warn people to be wary of multi-level 'virtual money' scams disguised as cryptocurrencies
February 28, 2025 20:15
According to the Announcement of the Ministry of Public Security: Recently, there have been many cases of fraud and property appropriation related to the form of investment in "virtual currency", Bitcoin cryptocurrency, investment in illegal foreign exchange, securities and stock exchanges, which have been cracked down by the Police of provinces and cities.
Female accountant embezzled billions from electronics store for investing in virtual currency and stocks
February 19, 2025 20:16
Taking advantage of the trust of the electronics store owner, Hang committed fraud and appropriated more than 1.6 billion VND. With the money she appropriated, the female accountant used it to play virtual currency and invest in stocks.
Arresting a transnational criminal group for virtual currency fraud, seizing 500 billion and many luxury cars
February 19, 2025 15:16
The police are investigating a group of scammers who appropriated property by luring and enticing people to invest in buying MPX energy coins to mine XFI of the CrossFi project.
Late regret of former bank employee who scammed people by playing virtual currency
December 13, 2024 19:07
Tran Thi My Linh used to have a stable job, but since she got into investing in virtual currency and losing money in the stock market, she borrowed money from many people. When she was unable to pay back her debt, Linh used tricks to defraud a company of money.
Investing in virtual currency, woman was scammed of more than 9 billion VND
December 12, 2024 15:56
Believing in the attractive advertisement about investing in virtual currency, Ms. T. created an account and transferred a total of more than 9 billion VND but could not withdraw it. Only then did the victim realize she had been scammed.
Female bank employee embezzled nearly 6 billion VND to invest in virtual currency
November 8, 2024 17:02
Thanh gave the reason that he needed money to pay off the bank's due date to borrow nearly 6 billion VND from Ms. K. and Mr. N. and then invested in virtual currency but lost money and was arrested by the police.
Nghe An police dismantled a transnational "virtual currency investment" fraud ring that appropriated assets.
October 4, 2024 14:51
The Criminal Police Department, Nghe An Provincial Police and Con Cuong District Police jointly presided over and coordinated with relevant units and localities to dismantle a transnational property fraud ring in the "Golden Triangle" economic zone in Bokeo Province (Lao PDR) masterminded by foreigners, under the guise of love fraud and virtual currency investment. Initially, 5 suspects were arrested.
The trick of luring customers to steal 13 cars of the 9X 'monster'
July 28, 2024 21:09
Tran Thi H - a saleswoman of a car dealership in Vinh city committed 13 frauds, appropriating 13 cars worth more than 10 billion VND from people in Nghe An province. The case has just been investigated and clarified by the Office of the Criminal Police Department (Nghe An Provincial Police).
Young man uses tricks to embezzle more than 5 billion VND from a business
June 4, 2024 06:27
After being assigned as deputy head of the business team, Nguyen Anh Su used tricks to embezzle more than 5 billion VND from the company and "burned" it all into "virtual money".
Investing in virtual currency, man was scammed of more than 2 billion VND
April 22, 2024 07:10
When wanting to withdraw money, the victim has to deposit more money with reasons such as depositing verification money, upgrading VIP account, risking safety money... but in the end it is still taken.
Female director 'withdraws' more than 4.6 billion VND from the company to invest in virtual currency
March 6, 2024 06:20
Do Thi Ha Xuyen arbitrarily withdrew money from 2 companies she was assigned to manage to invest in real estate and virtual currency but lost everything.
Bankrupt because of playing 'virtual money', woman swindles nearly 7.5 billion VND
January 18, 2024 06:13
Investing in "virtual money" online and losing money, To Thi Vinh tricked Ms. D. into investing in a business and embezzled nearly 7.5 billion VND.
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