Security· ★★★· bearish·

US DOJ charges Vietnamese national with $16M crypto fraud

  • —Victim sent $16 million in crypto from June to August 2024 for purported Triangle investments
  • —In August alone the victim transferred about $569,569 across six transactions
  • —Van's wallet received over $53 million in crypto between February 2018 and December 2024
  • —Van was arrested on September 24 at Los Angeles airport before a flight to Taiwan
Why it matters: The case highlights the scale of pig-butchering scams and growing US DOJ scrutiny of crypto fraud.
Source: Bits.media
More on this
Security · Sep 26
Vietnamese national charged in $53M crypto 'pig butchering' scheme
 Security · Sep 20
US DOJ Charges Two Former Exchange Engineers with Insider Trading on Listings
 Security · Sep 21
Two Chinese nationals fined in Malaysia over crypto fraud conspiracy