On May 3rd, the Criminal Investigation Department of the Quang Ninh Provincial Police announced that they had received a report on a crime involving the Mong Cai City Police Department, as reported by Mr. P, residing in Mong Cai City. Mr. P accused an individual of online fraud, who allegedly deceived him of 2,320,000,000 Vietnamese Dong (two billion three hundred twenty million dong) through the exchange of digital currency (USDT) for Vietnamese currency via electronic wallets.

Upon receiving the report, the Criminal Investigation Department promptly initiated investigative measures and legal verification procedures. Initial investigation results indicated that on April 13th, Mr. P needed to exchange Vietnamese currency for USDT to conduct transactions. He accessed social media to find someone willing to exchange currency. He came across an account offering to exchange USDT and added the individual to discuss exchange rates and transfer methods. Specifically, the individual would transfer USDT to Mr. P's electronic wallet, provide screenshots of the transaction for verification, and then Mr. P would transfer Vietnamese currency to the bank account specified by the individual.

After agreeing on the exchange, Mr. P and the individual conducted seven transactions. However, the individual altered the transaction screenshots sent to Mr. P, leading him to transfer a total of 2,320,000,000 dong to the individual's account.

Upon realizing discrepancies between the received amounts and the transaction screenshots, Mr. P attempted to contact the individual but was blocked. Recognizing the signs of fraud and misappropriation as defined in Article 174, Clause 4 of the Penal Code, the Criminal Investigation Department initiated criminal proceedings to investigate and identify the suspects involved in the case.