Hanoi City Police recently dismantled several virtual currency trading floors that were found to be involved in fraudulent activities, leading to the arrest of key figures and the seizure of assets worth billions of VND. According to VTV, despite repeated warnings from the police urging the public to stay alert and avoid falling victim to such scams, these illegal operations continue to target unsuspecting individuals.
During an investigation, Hanoi City Police uncovered a plan by Trieu Nu Cuoi Company to host a conference with 300 customers at Bao Son Paradise in An Khanh Commune, Hoai Duc District, Hanoi, scheduled for December 24, 2024. Upon searching the company’s offices, the police seized a variety of items, including documents and computers.
Primary findings revealed that Trieu Nu Cuoi Company had been promoting QFS coins, incorporating spiritual elements into its marketing efforts. The total revenue generated from the sale of these coins was estimated at around 30 billion VND. Authorities also intercepted the company’s plan to further promote QFS coins by convincing individuals to invest between 4 million and 39 million VND (approximately $190 to $1,350) at these events.
The Hanoi City Police’s Investigation Security Agency has issued a public notice, urging anyone who may have been harmed in the case to promptly contact the agency for resolution in accordance with legal procedures, ensuring their legal rights and interests are protected.
Through this case, the Investigation Security Agency also once again advises the public to carefully research and verify information before investing in virtual currencies. They warn against falling for unfounded promotional offers, which could lead to exchanging real money for virtual assets and ultimately losing it all.
