VNExpress-Jan 17
Police in Da Nang have arrested seven individuals involved in a Cambodia-based cryptocurrency scam that allegedly imitated the Nasdaq exchange to misappropriate VND14 billion (US$532,800). They were arrested for using computer networks, telecommunications networks, and electronic means to appropriate property, police said on Saturday. Investigators uncovered the case after a 36-year-old woman in Da Nang’s An Khe Ward, along with several others, reported being scammed while investing in cryptocurrency on a trading platform that calls itself Nasdaq. Preliminary investigation found that in early 2024, Chung went to Cambodia and colluded with a Chinese national named A Long to organize a scam operation based in the Kim Sa 3 area of the Cambodian border city of Bavet. They recruited Vietnamese nationals, who were assigned roles in an organized manner, and set up the fake Nasdaq website. They used Zalo and Telegram groups with dozens of accounts to fake trading activity, reported false profits and impersonated investment experts to lure victims into investing their money. After the funds were misappropriated, the money was routed through multiple bank accounts and then converted into cryptocurrency to conceal its origin. Early findings indicate that the group has swindled people out of VND14 billion, with two victims losing more than VND1.1 billion. Read more at: https://e.vnexpress.net/news/news/crime/vietnam-police-bust-532-000-crypto-scam-imitating-nasdaq-5006939.html
