Close Menu
Cryprovideos
    What's Hot

    5 Best Altcoins to Buy Now – Why Experts Are Turning Bullish

    June 6, 2025

    Musk Exits DOGE, Clashes With Trump—Dogecoin Will get Caught In The Crossfire

    June 6, 2025

    $31.6 Million In Shiba Inu (SHIB) Despatched to Coinbase: What's Taking place?

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto rip-off value 1 million {dollars} dismantled in Vietnam
    Crypto rip-off value 1 million {dollars} dismantled in Vietnam
    Crypto News

    Crypto rip-off value 1 million {dollars} dismantled in Vietnam

    By Crypto EditorDecember 31, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The authorities of Vietnam have dismantled a crypto rip-off value 1.17 million {dollars}, saving 300 potential victims. Particularly, a scheme based mostly on faux tokens and unrealistic guarantees of good points and monetary benefits was found.

    Let’s see all the main points on this article. 

    Vietnam: the people answerable for a crypto rip-off that had already stolen over $1 million from entrepreneurs and people have been arrested

    The police in Hanoi just lately foiled an elaborate crypto fraud scheme, safeguarding the financial savings of 300 potential victims and stopping a rip-off that had already taken over 1.17 million {dollars} from residents and companies. 

    Based on quanto riportato by native media, the group answerable for the fraud operated below the identify “Million Smiles” and promoted a fictitious token often known as QFS, or Quantum Monetary System.

    The felony group had created a complicated and engaging narrative across the QFS token, claiming it was linked to ancestral treasures and supplied extraordinary monetary advantages. 

    The corporate promised unrealistic returns and assured entry to a monetary ecosystem freed from pursuits and ensures, thus attracting quite a few unsuspecting buyers.

    The authorities found that the organizers had deliberate a big occasion with 300 purchasers to persuade them to speculate additional within the undertaking. 

    The funding requests ranged from 4 to five million Vietnamese dong (about 190 {dollars}) for people, as much as 39 million dong (about 1,350 {dollars}) for firms.

    Because of the joint work of the Hanoi police and the nationwide tv broadcaster VTV, the rip-off was intercepted earlier than it might trigger additional harm. 

    The regulation enforcement forces raided the headquarters of Million Smiles, confiscating paperwork, computer systems, and different supplies helpful for the investigations. 

    The analyses confirmed that the QFS token was utterly fictitious and never acknowledged by Vietnamese regulation.

    A context of steady vigilance

    Vietnam shouldn’t be new to episodes of fraud within the cryptocurrency sector, however native authorities have proven a rising dedication to countering these unlawful actions.

    In October, the provincial police of Nghe An dismantled one other crypto rip-off community, working from Laos and specialised in fraudulent financial institution transfers.

    In that case, a person pretended to be a girl to achieve the belief of a sufferer and persuade them to put money into a fraudulent app referred to as “Biconomynft”. This rip-off led to the theft of over 17.6 billion dong (about 700,000 {dollars}) in a couple of months.

    In any case, the case of Million Smiles highlights the necessity for higher consciousness amongst potential buyers, particularly in a posh sector like that of cryptocurrencies. 

    Guarantees of speedy earnings and extraordinary benefits usually disguise harmful pitfalls.

    The Vietnamese authorities are working to teach the general public on the dangers of cryptocurrencies and strengthen legal guidelines to forestall future episodes of fraud. 

    In a quickly evolving market, worldwide cooperation and fixed vigilance shall be important to guard buyers and guarantee monetary safety.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    $31.6 Million In Shiba Inu (SHIB) Despatched to Coinbase: What's Taking place?

    June 6, 2025

    Senator Lummis says new Fed vice chair appointment indicators ‘brighter future’ for crypto

    June 6, 2025

    Trump Crypto Pockets 'Isn't Transferring Ahead' After World Liberty Conflict: Eric Trump – Decrypt

    June 6, 2025

    New Jersey gubernatorial race to be crypto’s subsequent election take a look at

    June 6, 2025
    Latest Posts

    TakeOver Efficiently Hosts Second Annual BitGala Celebrating Bitcoin In Las Vegas

    June 6, 2025

    Bitcoin Blockchain Heats Up This Week: On-Chain Exercise Sees Sharp Uptick | Bitcoinist.com

    June 6, 2025

    Technique to Increase $1B for Bitcoin through Most well-liked Inventory – Bitbo

    June 6, 2025

    Former Ripple Exec Follows Michael Saylor’s Bitcoin Playbook

    June 6, 2025

    Know Labs, Inc. Pronounces Adopting A Bitcoin Treasury Technique, Beginning With 1,000 Bitcoin

    June 6, 2025

    Bitcoin Futures Rattled By Political Shock – $324M Liquidated In A Day | Bitcoinist.com

    June 6, 2025

    Ok Wave Media Plans $500M Elevate for Bitcoin Treasury – Bitbo

    June 6, 2025

    Institutional Bitcoin ETF holdings decline whereas direct company BTC reserves achieve traction

    June 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Donald Trump Mulls First-Ever Crypto White Home Position: Report

    November 24, 2024

    Canary Capital Recordsdata Proposal For SUI ETF With The SEC

    March 18, 2025

    SoFi CEO Particulars 'Aggressive' Crypto Return Beneath President Trump – Decrypt

    January 28, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.