LIBFX Coin Overview and Fraud Classification
LIBFX Coin (Libfx) was once promoted as an Ethereum-based cryptocurrency, purportedly issued by the "Liber Exchange Platform," aiming to build community support and serve as the primary payment method for the exchange. However, according to reports from several mainstream Vietnamese media outlets (such as ANTV, Tuoi Tre, VTV24), LIBFX Coin has been definitively identified as a large-scale cryptocurrency investment scam.
Large-Scale Fraud Exposed and Arrests Made
In August 2026, Vietnamese police, particularly the Hanoi City Economic Police Department, took significant action, arresting 7 main suspects, including Hoàng Gia Tân. These suspects were accused of setting up the LIBFX crypto project and luring investors by spreading false information and promising high returns. It is reported that the fraud group successfully defrauded tens of thousands of investors of over 60 billion Vietnamese Dong (approximately 2.5 million USD) by creating fake websites and applications and using forged international licenses, causing many victims to suffer huge losses, with some even losing everything.
LIBFX Coin's Market Status and Future Prospects
Given that LIBFX Coin has been confirmed as a scam project and its main suspects have been arrested, its market performance and future development prospects no longer exist. Currently, multiple cryptocurrency tracking platforms have marked LIBFX as "untracked," or indicated a lack of activity, insufficient data, or even that its price has stopped updating.
- Current Price: As of October 2026, the price of LIBFX Coin is generally displayed as $0.00, or as a very low value on some platforms (e.g., a record of approximately $0.000017 in November 2025), but this data is no longer relevant.
- Trading Activity: Its 24-hour trading volume is usually displayed as "N/A" or $0.00, indicating that the token has no active trading market and lacks effective transactions.
- Supply and Market Cap: The token's maximum supply is 35,000,000 LIBFX, but both circulating supply and market cap are displayed as $0.00.
- Historical Rating: Some data platforms previously showed its CertiK rating as 3.1, but this historical data can no longer reflect its current fraudulent nature and market status.
In summary, LIBFX Coin is essentially a cryptocurrency scam that has been cracked down on by law enforcement agencies. Its project has stalled, and the token has lost all value. Investors should be wary of such high-risk projects and maintain a high degree of skepticism towards any cryptocurrency investment that promises high fixed returns.
