Recently, after the AntEx case was prosecuted, many similar cryptocurrency projects have been investigated or cracked down on: WorldMall.app (WM), Paynet Coin (PAYN) are notable names.
AntEx: Shark Bình and accomplices were arrested for fraudulently appropriating property, freezing assets of about 900 billion VND, accused of withdrawing money from over 30,000 investor wallets.
Paynet Coin: large multi-level Ponzi scheme, promised profits of 5-9%/month, dismantled, about 20 people were arrested.
WorldMall.app (WM): a high-tech group organizing investment in 'digital currency' WM, raising hundreds of billions of dong, has been prosecuted by the Ministry of Public Security with at least 5 defendants.
In addition, there are many smaller cases that have also been discovered: defrauding tens of millions of USD, affecting thousands of people, and 'virtual' projects with unclear nature.
A message to the Binance community / crypto investors:
Always be suspicious if a project promises high fixed profits, commits to quick returns, and recruits participants (multi-level).
Check the transparency of legal information, the development team, real products, and genuine transaction history – if unclear, stay away.
If you suspect you have been deceived: quickly report to the police, submit a complaint – many cases have been expanded for investigation.
Be aware that Vietnamese law currently does not recognize the issuance / mobilization of capital through crypto, so it is very easy for organizations to exploit the loophole of 'fire digging'.
Please share this article to raise awareness within the crypto community – don't let the 'quick profit fever' deceive you into a trap!