Vietnam Police Arrest Five Over $386M Scheme Using Telegram and Fake Tokens to Defraud More Than 185,000 Investors
Vietnamese police have shut down a massive crypto scam called Matrix Chain, which tricked over 185,000 people and stole nearly \$386 million. The ringleaders used fake tokens, social media, and a pyramid scheme to collect money, leading to arrests and a nationwide ban on Telegram.
