**Crypto Scam Foiled in Vietnam**

Hanoi police have thwarted a major crypto scam, saving 300 potential victims from investing in the fraudulent Million Smiles scheme. This operation, which had already swindled 30 billion Vietnamese Dong ($1.17 million) from around 100 businesses and 400 individuals, promoted a fake cryptocurrency called QFS.

Authorities raided the company's headquarters, seizing documents and computers, and revealed that QFS was not legally recognized. This incident highlights Vietnam's ongoing efforts to combat crypto fraud, following recent arrests linked to similar scams in the region.