The 'digital kidnapping' scam network in South and Southeast Asia has been dismantled with a damage value of over 4.6 billion VND.

The form of fraud is evolving sophisticatedly through impersonating law enforcement agencies, forcing victims to transfer money through cryptocurrency wallets, causing significant losses. Cooperation between security agencies and cryptocurrency platform providers has effectively supported investigations.

MAIN CONTENT

  • A joint campaign between the police and cryptocurrency platforms has dismantled a large-scale scam network.

  • 'Digital kidnapping' scams use tactics impersonating police to force money transfers through cryptocurrency wallets.

  • Blockchain helps trace money flows, supports investigations, and apprehends many related suspects.

What is the 'digital kidnapping' scam network and what is its impact?

Cybersecurity experts and representatives from Ahmedabad police stated that the 'digital kidnapping' scam is a new tactic, impersonating law enforcement to threaten victims into transferring money. The case in Gujarat indicates damages of up to 1.25 crore INR (equivalent to 4.6 billion VND) for a 90-year-old man.

This type of fraud is increasingly common in South and Southeast Asia, causing financial and psychological harm to people, while also raising alarms about the need to enhance awareness and preventive measures.

Why is international cooperation between police and cryptocurrency platforms important?

The Director of the Financial Intelligence Unit of the major cryptocurrency platform emphasized the essential role of international cooperation in addressing cross-border fraud cases. This cooperation helps quickly trace suspicious transactions and apprehend related individuals.

"The coordination between platform providers and police forces is a key factor in successfully dismantling a complex scam network."
Head of Financial Intelligence Unit, 2025

In one case, Ahmedabad police arrested a man involved in assisting the transfer of 22 lakh INR in scam money by 'renting' bank accounts, complicating the tracing of money flows.

How does 'digital kidnapping' fraud operate on cryptocurrency platforms?

Scammers often impersonate police or state officials to threaten victims. They demand money transfers through cryptocurrency wallets or fake bank accounts to hide the source of the funds. For example, a young man was forced to transfer 49 lakh INR to cryptocurrency wallets when deceived into going to Nepal under the guise of a job.

The 'renting' tactic of bank accounts helps diversify their money laundering techniques, making investigations more difficult.

How does blockchain technology assist in detecting and preventing fraud?

Experts from the South Asian cryptocurrency platform region state that every cryptocurrency transaction creates a clear digital trace on the blockchain. As a result, investigators can trace illegal money flows and apprehend perpetrators.

"Blockchain is not only a financial technology but also a useful tool in the fight against financial crime."
Deputy Product Director, Cryptocurrency Platform, 2025

Continuously throughout 2024, the platform has supported over 65,000 requests from law enforcement agencies worldwide, contributing to the cleansing of the cryptocurrency environment.

Preventive measures against 'digital kidnapping' scams in the digital age

Users need to be vigilant against calls and messages threatening impersonating police or state agencies. Absolutely do not transfer money or provide personal information through unverified channels.

Maintain careful checks on cryptocurrency wallet transactions, use reputable platforms, and support strong security to minimize the risk of asset loss.

Comparison of traditional fraud techniques and fraud through cryptocurrency wallets

Characteristics Traditional Fraud Cryptocurrency Wallet Fraud Method of Impact Fake calls, forged correspondence Transfer money through anonymous wallets, quick transactions Money Tracing Can be difficult, many intermediaries Blockchain leaves a clear trace, easy to trace Scope Usually limited to national boundaries Cross-border, quick money transfers Preventive Measures Caution through traditional channels Carefully check cryptocurrency wallets, verify recipients

Frequently Asked Questions

What is a 'digital kidnapping' scam? This is a tactic impersonating law enforcement agencies to threaten and force victims to transfer money through cryptocurrency wallets or fake accounts. Why is cryptocurrency used in these scams? Cryptocurrency allows for quick transfers, is difficult to trace, and is easy to hide the source, making it convenient for money laundering. How can blockchain help detect fraud? Every transaction on the blockchain leaves a digital trace, helping investigators trace illegal money flows. How to protect yourself from 'digital kidnapping' scams? Do not provide personal information over the phone, verify the identity of the caller, and be cautious with urgent money transfer requests. What is the role of cryptocurrency platforms in preventing crime? The platforms coordinate to share information and analyze suspicious transactions to assist law enforcement agencies in acting quickly.

Source: https://tintucbitcoin.com/binance-phoi-hop-pha-vu-lua-dao-tien-dien-tu/

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