According to Vietnamese media, the Ho Chi Minh City police reported that on April 29, the city's criminal police department, in collaboration with the Cybersecurity and High-Tech Crime Prevention Division and the Vietnam Immigration Department, successfully dismantled a high-tech crime syndicate.
The police have officially filed a case and prosecuted 31 suspects accused of using computer and telecommunications networks to misappropriate property, with further investigations ongoing.
The gang operated daily from a three-story building disguised as a convenience store in Phu Long B, Thu Duc City, Ho Chi Minh City, conducting illegal scam activities.
They targeted Japanese nationals via social media, enticing them with highly discounted products to make transactions on designated e-commerce platforms.
Once the victims agreed to purchase, they were guided to transfer money through cryptocurrencies or Japanese yen to specified accounts, after which all contacts were cut off.
Additionally, the gang lured victims into investing in so-called cryptocurrency projects, promising high returns of 20%-40%. After exchanging yen for cryptocurrencies and transferring them to specified digital wallets, the victims were blocked.
