According to Foresight News, Vietnamese police have apprehended a group accused of orchestrating a cryptocurrency scam known as 'Matrix Chain,' which defrauded investors of nearly $400 million. The alleged pyramid scheme was established across three regions in Vietnam, misleading investors into believing they could download the Matrix Chain software for a nominal fee of 1 USDT. The funds were ultimately misappropriated by the group, which managed over 185,000 registered accounts, transferring approximately 394.2 million USDT through cryptocurrency wallets.
Four men and one woman, born between 1980 and 1991, have been detained as part of the investigation. Authorities are currently searching their residences and workplaces as the investigation continues.