{"id":95655,"date":"2024-10-04T10:49:49","date_gmt":"2024-10-04T14:49:49","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95655"},"modified":"2024-10-04T10:49:49","modified_gmt":"2024-10-04T14:49:49","slug":"vietnamese-police-arrests-offshore-crypto-scam","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/vietnamese-police-arrests-offshore-crypto-scam\/","title":{"rendered":"Vietnamese Police Arrests 5 Linked to Offshore Crypto Scam"},"content":{"rendered":"\n

Five individuals associated with an intricate crypto scam network<\/a> operated by offshore criminals have been apprehended by a provincial police force in Vietnam.<\/p>\n\n\n\n

\"Vietnamese
Vietnamese Police Arrests 5 Linked to Offshore Crypto Scam<\/figcaption><\/figure>\n\n\n\n

Police from Nghe An, a Vietnamese province bordering Laos and the Gulf of Tonkin, dismantled a scam organization based in Laos associated with fraudulent wire transfers on October 4. <\/p>\n\n\n\n

Offshore individuals who were experts in cryptocurrency investment scams and pig butchering led the ring of scammers.<\/p>\n\n\n\n

Following an investigation establishing direct connections to the crypto schemes, the Nghe An police apprehended two Vietnamese suspects.<\/p>\n\n\n\n

\"\"
Members of the Vietnamese crypto scam ring. Source: Thanh Nien<\/em><\/figcaption><\/figure>\n\n\n\n

According to the police report, one of the scammers traveled to Laos in September 2023 to become a member of the scam organization. In February, they established Facebook accounts to induce victims into investment and romance schemes.<\/p>\n\n\n\n

Conducting fraudulent crypto investment schemes<\/h2>\n\n\n\n

The fraudster, who assumed a woman's identity, ultimately convinced a Ho Chi Minh City man to trust him. Ultimately, the victim was deceived into investing substantial money in “Biconomynft,” which offered exorbitant returns. <\/p>\n\n\n\n

The fraudster fraudulently removed more than 17.6 billion Vietnamese \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>d<\/use><\/svg><\/span><\/a>ong<\/use><\/svg><\/span><\/a> ($700,000) from the victim over several months.<\/p>\n\n\n\n

The accomplice was also accused of a comparable offense. The police apprehended three additional individuals of similar age brackets who were associated with the crime organization after conducting a more comprehensive investigation.<\/p>\n\n\n\n

Initially, the fraudsters establish trust with their victims by releasing some of their invested funds as profits. The scammers freeze the funds and close the accounts after the victims have invested a substantial amount.<\/p>\n\n\n\n

International crypto scams<\/h2>\n\n\n\n

Recently, South Korean and Vietnamese authorities collaborated to dismantle an additional scam organization based in Vietnam that had stolen over 10 billion won ($7.5 million).<\/p>\n\n\n\n

The criminal organization defrauded 230 victims by contacting them through a variety of mediums, including wedding invitations, funeral announcements, parcel delivery notifications, and impersonating family members in text messages, according to a local report.<\/p>\n\n\n\n

Police apprehended 86 individuals in Korea and abroad in connection with the crypto phishing operation<\/a> after analyzing 300,000 suspicious transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Five individuals associated with an intricate crypto scam network operated by offshore criminals have been apprehended by a provincial police force in Vietnam. Police from Nghe An, a Vietnamese province bordering Laos and the Gulf of Tonkin, dismantled a scam organization based in Laos associated with fraudulent wire transfers on October 4. Offshore individuals who […]<\/p>\n","protected":false},"author":12,"featured_media":95672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22217,1436,2218],"class_list":["post-95655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-offshore-crypto-scam","tag-police","tag-vietnam"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/viet.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95655"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95672"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}