A crypto scam network in Vietnam was dismantled by the Nghe An police force, resulting in the arrest of five individuals involved in fraudulent activities. The scam ring, based in Laos and led by off-shore actors, specialized in deceptive wire transfers and crypto investment schemes. Two Vietnamese suspects were apprehended for their direct involvement in the scams. The scammers lured victims through fake Facebook accounts, posing as potential romantic interests to deceive them into investing in a bogus app called 'Biconomynft.' The victims were swindled out of millions of Vietnamese dong. Following a thorough investigation, three more individuals connected to the crime ring were arrested. This crackdown comes in the wake of a joint effort between South Korean and Vietnamese authorities to dismantle another crypto scam ring that defrauded victims through various deceptive tactics, resulting in the arrest of 86 individuals across Korea and overseas. Read more AI-generated news on: https://app.chaingpt.org/news