The Vietnamese authorities have dismantled what they described as the largest fraud in the country so far, as they arrested the resonance leaders and partners behind the Bonzi scheme with millions of dollars built around the distinctive digital code (PayN).
On August 11, PU Tho Police said that the suspects attracted thousands of victims in Vietnam and the external to a multi -level marketing (MLM) marketing is a disguised as an encryption investment platform, According to To a report issued by the local media công an nhân dân.
Using web sites such as FMCPay.com and AFF2024.com, the group promised investors monthly revenue from 5 % to 9 % and additional committees to employ others. Funds were used from new participants to pay investors earlier, a classic bonze structure, for all salads.
Investigators Nelouin Van Ha, 45, from Jia Lay County as the mastermind. Although there is no formal information technology training, Ha has assigned the developers to create Payn Blockchain, an advanced security system, and a designed reward program to appear legally.
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Payn Scam falsely claimed American registration
The plan also misled the participants by claiming that I could use Payn to book flights and hotels and that their exchange has been registered in the United States, as the authorities say that the authorities were completely fabricated.
To build confidence and attract more victims, the group organized luxurious seminars in five -star places, and depicts Payne as an investment of a high -return project. The authorities claim that Ha personally made about $ 200 million for his own use.
At the time of arrests, the money was still flowing to the platform of investors in countries including India and the Philippines, the authorities said.
According to To the VNEXPress newspaper on the Vietnamese Internet, the police seized the assets and freezing them at a value of $ 38 million, including cash, foreign currencies and real estate. According to the report, 20 in the case has been arrested so far.
Ha, PAN VIET LAP, and other defendants are concerned with violating MLM regulations and using electronic networks for appropriate property under the Penal Code in Vietnam.
Related to: Credix $ 4.5 million recovers in encryption after a successful negotiation for exploitation
Crusion hacker losses reached $ 2.47 billion in H1
Costume losses, fraud and exploits $ 2.47 billion in the first half From 2025, according to CERTIK. While Q2 has seen $ 800 million lost across 144 accidents, a decrease in value of 52 % and 59 of penetrations is less compared to the first quarter, the total year so far has already increased by approximately 3 % from 2024.
After calculating $ 187 million in the recovered funds, the modified losses are about 2.2 billion dollars.
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