Authorities arrested five suspects in Da Nang for operating a Cambodia-based crypto scam using a fake Nasdaq platform, seizing over 5.2 billion VND in cash.
Vietnam police detained five individuals in Da Nang for operating a cross-border crypto scam ring based in Cambodia that misappropriated 14 billion VND (approximately $532,800). The group allegedly utilized a fake Nasdaq trading platform and social media apps like Zalo and Telegram to lure victims. Authorities seized over 5.2 billion VND in cash and revealed the funds were laundered through cryptocurrency.