Vietnamese police thwarted a cryptocurrency scam worth $1.17 million, saving 300 potential victims. The company Million Smiles deceived around 100 businesses and 400 people by offering a fictitious cryptocurrency QFS with promises of unreal returns and financial benefits, such as collateral-free and interest-free loans. The scammers planned to hold meetings with clients and collect money for investment. The police conducted a search, seized documents, and found that the QFS token had no legal recognition in Vietnam.
12/30/2024 1:27:59 PM (GMT+1)
Vietnamese police thwarted a cryptocurrency scam worth $1.17 million, saving 300 potential victims and exposing the fake cryptocurrency QFS that promised unreal returns 🚨
399
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Tether froze $27 million USDT on the Russian exchange Garantex, leading to the suspension of all operations and withdrawals in response to international sanctions
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
Franklin Templeton launches an ETF tracking the price of the cryptocurrency XRP, reflecting the growing interest in digital assets and expanding opportunities for investors
The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency
The Indian district of Dantewada digitized 700,000 land records, securing them using the Avalanche blockchain to enhance transparency and prevent forgery
OKX receives the MiFID II license to launch derivative products in Europe, expanding offerings for institutional clients and highlighting commitment to strict regulatory standards
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
