Hanoi Police Crack Down on Fraudulent Cryptocurrency Trading Platforms
In a significant operation, Hanoi City Police recently dismantled several cryptocurrency trading platforms involved in fraudulent activities. This crackdown led to the arrest of key figures and the seizure of assets valued at billions of VND. Despite repeated warnings from law enforcement, these illicit operations continue to prey on unsuspecting individuals.
Unveiling the Fraudulent Scheme
During a meticulous investigation, authorities discovered a plan orchestrated by Trieu Nu Cuoi Company to organize a large conference for 300 customers at Bao Son Paradise in An Khanh Commune, Hoai Duc District, Hanoi. The event was slated for December 24, 2024. A thorough search of the company’s premises resulted in the confiscation of numerous items, including critical documents and computer equipment.
Promoting QFS Coins with a Spiritual Twist
Initial findings indicated that Trieu Nu Cuoi Company had been actively marketing QFS coins, embedding them with spiritual elements to allure potential investors. The company managed to generate an estimated revenue of around 30 billion VND from these activities. Authorities uncovered a strategy to further promote these coins by enticing individuals to invest amounts ranging from 4 million to 39 million VND (approximately $190 to $1,350) during these promotional events.
Public Notice and Advisory
In response to these developments, the Hanoi City Police’s Investigation Security Agency has issued a public notice. They urge anyone who may have suffered losses due to this fraudulent scheme to promptly contact the agency. This ensures that affected individuals can seek resolution in accordance with legal procedures, safeguarding their legal rights and interests.
Staying Vigilant Against Cryptocurrency Scams
The Investigation Security Agency uses this case as an opportunity to remind the public about the importance of thorough research and verification before investing in virtual currencies. They emphasize the need for caution against enticing yet unfounded promotional offers, which can lead to the risky exchange of real money for virtual assets, potentially resulting in significant financial losses.
In conclusion, the crackdown on these fraudulent cryptocurrency trading platforms serves as a critical reminder of the need for vigilance and due diligence in the rapidly evolving digital currency landscape. It underscores the importance of staying informed and cautious to protect oneself from falling victim to such scams.
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