According to Foresight News and reported by Cointelegraph, Vietnamese police successfully dismantled a cryptocurrency scam worth $1.17 million, protecting 300 potential victims. The scam was orchestrated by the 'Million Smiles' company and involved a fake token called QFS (Quantum Financial System), having defrauded approximately 3 trillion Vietnamese dong ($1.17 million) from around 100 businesses and 400 individuals. The company falsely claimed that QFS was related to ancestral treasures and spiritual beliefs, promised unrealistic high returns, and stated that holding QFS could provide financing without collateral or interest. Police raided the headquarters of 'Million Smiles' and seized relevant documents and equipment, finding that the QFS token was not legitimate.