Fake Vietnamese Crypto Exchange Nets $385 Million With Telegram Advertising

Authorities in Vietnam arrested five members of a fraud ring who made over $385 million by setting up a fake crypto exchange. By advertising on Telegram, the perpetrators attracted tens of thousands of investors. Vietnam banned Telegram this week, citing rampant criminal activity on the platform. The government is interested in being a crypto hub, but it’s prepared to fight back against the industry’s seedier elements source: https://beincrypto.com/vietnam-bans-telegram-after-crypto-exchange-scam/