U.S. prosecutors charge Vietnamese national over alleged $53.3 million crypto laundering

  • U.S. prosecutors charged Trung Nguyen Van with two money-laundering counts.
  • Van's wallets received an estimated $53.3 million tied to wire-fraud schemes.
  • One victim sent approximately $16 million to the fraudulent Triangle investment platform.

U.S. prosecutors charged Vietnamese national Trung Nguyen Van, 37, with two counts of money laundering over an alleged role in moving cryptocurrency tied to pig-butchering fraud schemes. Court filings say a victim sent about $16 million in cryptocurrency to the fraudulent Triangle investment platform between June and August 2024, with more than $569,000 traced directly to a wallet controlled by Van. That wallet received six further transfers totaling roughly the same amount days later, before Van allegedly transferred nearly $568,000 to a self-custody wallet. Authorities say wallets linked to Van received an estimated $53.3 million in cryptocurrency connected to wire-fraud schemes targeting Americans from February 2018 through December 2024, with nearly all of it subsequently moved off the traceable blockchain. The complaint was unsealed after Van's initial court appearance in Los Angeles. R. Matthew Price, U.S. attorney for the Western District of Missouri, said authorities would use all available resources to pursue perpetrators of the fraud.

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