According to Vietnamese law enforcement agencies, an organized criminal group created a fictitious cryptocurrency platform of the Matrix Chain and attracted more than 138,000 investors by promises of high profitability. To create the illusion of the legitimate trading platform and deceit of their victims, the accused used complex network marketing schemes, for example, they persuaded investors to invest significant amounts into non-existent assets through online advertising and personal contacts.
As part of the operation, law enforcement agencies conducted searches and seized documents, electronic devices and other evidence indicating criminal activity. The detainees are suspected of fraud, violation of financial laws and the organization of illegal operations with digital assets. The total amount of investment attracted amounted to about 10 trillion of Vietnamese Dongs ($ 400 million). Investigators said that a criminal group laundered a significant part of the funds through the purchase of expensive real estate in the north of Vietnam.
Earlier, the Ministry of Planning and Investments of Vietnam (MPI) proposed to launch a state program to support national trade crypto -plugs in the country’s financial centers.
Source: Bits
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