Deep Tide TechFlow news, on December 30, according to Cointelegraph, Vietnamese police successfully cracked down on a crypto scam worth 1.17 million USD, protecting 300 potential victims. The scam was orchestrated by "Million Smiles" company, involving the false token QFS (Quantum Financial System), which defrauded 30 billion Vietnamese Dong (1.17 million USD) from about 100 businesses and 400 individuals. The company falsely claimed that QFS was related to ancestral treasures and spiritual beliefs, promised unrealistic high returns, and claimed that holding QFS could provide financing without collateral or interest. Police raided the headquarters of "Million Smiles" company, confiscating relevant documents and equipment, and found that the QFS token was not legal.