Svmuu News: Vietnamese police have arrested five suspects in the Da Nang area who were operating a cryptocurrency fraud ring. The ring established a base in Cambodia and carried out fraud by operating a fake investment platform mimicking Nasdaq, with the total amount involved reaching 14 billion Vietnamese dong, approximately $532,800. Police investigations revealed that Nguyen Van Chung traveled to Cambodia in early 2024 and colluded with a Chinese national named A Long to organize the scam. The group used Zalo and Telegram to post fake trading information to lure victims into investing. They then transferred the funds through multiple bank accounts and converted them into cryptocurrency to conceal the source of the funds. Police have seized USB drives containing fraud scripts, mobile phones, laptops, and over 5.2 billion Vietnamese dong in cash. The case remains under further investigation.