Vietnamese Police Arrest Gang Accused of $394M Matrix Chain Scam

The Cyber Security and High-Tech Crime Prevention Department (Da Nang Police) has identified a suspect who defrauded tens of billions of dong from many victims across the country by buying and selling virtual currency.

Vietnam busts $400m crypto scam running fake exchange

Vietnamese authorities have arrested key figures behind a nationwide cryptocurrency scam that defrauded tens of thousands of investors out of nearly 10 trillion VND (approximately $400 million).  The fraud ring operated under the guise of a fake virtual currency exchange…

Vietnamese Police Arrest 5 People Behind Matrix Chain Scam

Vietnamese police arrested five people accused of running Matrix Chain, a crypto scam that took nearly $394 million from over 185,000 users.

Vietnamese Police Arrest Gang Accused of $394M Matrix Chain Scam - WorldNL Magazine

In brief Vietnamese police have arrested a gang accused of being behind Matrix Chain, a crypto scam that defrauded investors of almost $400 million. The operation saw "many elite officers and soldiers" working around the clock for 200 days. The alleged pyramid scheme had over 185,000 registered accounts, funneling 394.2 million USDT through crypto wallets. Police in Vietnam have arrested a gang accused of orchestrating a crypto scam that defraud…

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Vietnamese Police Arrest Gang Accused of $394M Matrix Chain Scam

The operation to dismantle Matrix Chain saw "many elite officers and soldiers" working around the clock for 200 days.