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Owotunse Adebayo

Vietnam police detain suspects over VND14 billion ($532,800) fake Nasdaq crypto scam

Vietnam police reported arresting several suspects in Da Nang over an alleged cryptocurrency scam that mimicked a Nasdaq investment platform and caused losses of more than VND14 billion ($532,800). Authorities said the group operated from Cambodia, used social media and messaging apps to lure victims with promises of high returns, and converted misappropriated funds into crypto while the investigation remains ongoing.