Global crackdowns target crypto scams and AI deepfake fraud
Vietnamese police arrest crypto mining scammers, Springfield warns about ATM fraud and Hong Kong busts AI-related scams.
A week into 2025, police from various jurisdictions have apprehended fraudsters running cryptocurrency-related schemes targeting hundreds of potential victims.
On Jan. 5, Vietnamese police arrested four individuals involved in a cryptocurrency mining scam that stole 4 billion Vietnamese dong ($157,300) from more than 200 victims, according to the newspaper, VnExpress.
The suspects, led by Tran Minh Quang, allegedly developed a fraudulent crypto-mining website called BitMiner, with a Singapore domain. The group advertised itself as a Dubai-based crypto-mining company and offered unrealistic investment returns.
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Author: Arijit Sarkar
