Hanoi police successfully prevented a cryptocurrency scam, avoiding losses for 300 potential victims. The scam was orchestrated by Million Smiles company, which defrauded around 100 businesses and 400 individuals out of 30 billion Vietnamese dong (approximately 1.17 million USD).

The company promoted its internal cryptocurrency QFS (Quantum Financial System) and linked it to ancestral treasures and spiritual claims through deceptive advertisements. Police have arrested those involved and exposed this illegal investment scheme.

This incident reminds us to remain vigilant when investing in cryptocurrencies to avoid falling into similar traps. 🔍💡