Vietnamese police have arrested five suspects for allegedly embezzling over $530,000 in cryptocurrency scams.

2 giorni fa 08:40

according to Crypto Politan, that Vietnamese police arrested five suspects involved in operating a cryptocurrency scam gang in the Da Nang area. The Vietnamese police mentioned in a statement that these suspects operated cryptocurrency scam activities based in Cambodia. The scam allegedly imitated the Nasdaq exchange, and the suspects embezzled 1.4 billion Vietnamese dong (approximately 532,800 USD). The police also mentioned that these suspects possessed a strong telecommunications network and electronic devices, enabling them to carry out illegal activities from residences in the Da Nang area. The gang used Zalo and Telegram to create dozens of fake accounts, posted fake trading activities, impersonated investment experts to lure victims into investing, and falsified profits. After embezzling the funds, the money was transferred through multiple bank accounts and eventually converted into cryptocurrency to conceal its origin.
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