Vietnamese police dismantle cross-border crypto scam gang: involved amount exceeds 5.3 million, revealing the money laundering chain of scammer's funds

2026-01-18 08:32:13

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【ChainNews】Recently, Vietnamese law enforcement agencies launched operations in Da Nang, resulting in the arrest of five suspects allegedly involved in leading cryptocurrency scams. The gang, based primarily in Cambodia, meticulously planned a large-scale scam involving approximately 14 billion VND, equivalent to about $53,280 USD.

Their tactics are quite “professional”: impersonating Nasdaq exchange operators to run fake platforms, creating dozens of fake accounts on social apps Zalo and Telegram. They then act as “investment advisors,” posting false trading information, disguising themselves as industry experts to lure victims, and finally exaggerating returns to scam money.

What’s even more cunning is their method of transferring funds. Once they obtain the scam proceeds, they immediately transfer the money through multiple bank accounts in layers, ultimately converting everything into cryptocurrency. This operation is designed to cut off the traceability of funds and completely conceal the source of criminal money.

The police stated that these suspects are equipped with a complete telecommunications network and electronic devices, enabling them to carry out the full range of illegal activities from their residences. This case serves as a reminder to Web3 users: be cautious of unfamiliar investment opportunities, especially those promising high returns and requiring quick decisions, as they are often scams.

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airdrop_huntress

· 10h ago

This money laundering method is really clever. Multi-chain transfers are now everywhere.

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NFTBlackHole

· 10h ago

Fake schemes and money laundering again, this process is really everywhere --- Cambodia again? How haven't these people learned yet --- Layered transfers to exchange coins? Is that all? The police should have been monitoring the exchange entrances and exits long ago --- People still trust the fake Nasdaq platform, I honestly think it's awesome --- Over fifty thousand dollars and they dare to mess around like this, is it worth it, brother? --- Creating fake accounts on Telegram and Zalo, unstoppable, brothers --- Is the money laundering chain this basic? Too amateur --- It's always just a matter of transferring funds multiple times between bank accounts, isn't this method outdated? --- Vietnam has uncovered about ten cases a month, scamming really makes money --- This fake profit reporting scheme, how stupid do you have to be to believe it?

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SchrodingerWallet

· 10h ago

It's the same old story again—fake platforms, fake identities, money laundering. It's truly hard to guard against everything.

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RugDocDetective

· 10h ago

It's the same old trick again, pretending to be an exchange to scam people, truly outrageous. --- Is this Cambodian base about to become the next Silicon Valley of scams? --- Layered transfers and currency exchanges, this method is quite clever, but unfortunately, they still got caught. --- They even dare to impersonate Nasdaq, their audacity is extraordinary. --- Every day on Telegram, there are these "investment advisors," how are people still falling for it? --- A scam gang with 530,000 USD, Vietnamese law enforcement moved pretty quickly. --- Exaggerating returns is the most ruthless move, just waiting for you to get your money back before taking another cut. --- The capital chain can't be broken, in the end, it still has to convert into tokens, and that's the end.

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ContractBugHunter

· 10h ago

It's the same old trick, different packaging. This kind of scam gang is just a production line. --- Impersonating Nasdaq? Ha, it's the 21st century, and they still use this trick. How are people still falling for it? --- Layered transfers then converted into crypto... Where's the promised on-chain transparency? That's why KYC needs to be strict. --- 140 billion VND is only about 53,000 USD? Is the exchange rate this bad, or did I calculate it wrong? --- Cambodia's main base is a classic choice. Cross-border law enforcement is just slow. --- The key question is, why didn't these platforms identify such account behaviors in advance? Where's the risk control?

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MerkleTreeHugger

· 11h ago

It's the same old trick again, taking Nasdaq as a cover and really thinking no one will recognize it? --- Scammers are getting lazier and lazier, not even bothering to change their scripts. --- Honestly, if these people really had the brains to do legitimate work, why would they think about scamming? --- Layered transfers ending in coins—this is the standard gray industry SOP. When will this route be completely cut off? --- Five people can scam over 500,000 yuan, no wonder this business is so booming... --- The Vietnamese police have cracked this case quickly this time, but there are definitely more hiding in the shadows. --- Impersonating exchanges is really old news, but some people still believe it.

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