Vietnam police bust $532,000 crypto scam imitating Nasdaq

Group 1 - A group of individuals was arrested for using electronic means to commit property appropriation, specifically through a cryptocurrency scam [1][4] - The scam involved creating a fake trading platform that impersonated the legitimate Nasdaq exchange, misleading victims into investing [2][4] - The group utilized social media platforms like Zalo and Telegram to simulate trading activity and falsely report profits to attract investors [5] Group 2 - Preliminary investigations revealed that the scam operation was organized in Cambodia, with Vietnamese nationals recruited to execute various roles [4] - The total amount swindled from victims is estimated at VND14 billion, with significant losses reported by individual victims [5] - Law enforcement seized substantial evidence during a raid, including cash, electronic devices, and fraudulent materials [6]