Recently, the Department of Cyber Security and High-Tech Crime Prevention ( Hanoi City Police) received a report from a victim who was scammed of more than 600 million VND when investing in virtual currency.
Accordingly, on July 21, 2025, Ms. D (45 years old, residing in Hanoi) was invited by an acquaintance online to participate in investing in virtual currency through the Koi Global application.
The subject proactively transferred 18 million VND to her to invite her to try playing. Because of trust, Ms. D deposited 60 million VND into her account on the Koi Global application and withdrew 1.5 million VND in interest.
Seeing that it was easy to make money, Ms. D continued to make five more deposits with a total investment of up to 350 million VND.
The referrer then upgraded the account to VIP 1 account for 30,000 USDT (a cryptocurrency).
Ms. D. has deposited an additional 280 million VND but it is still not enough to upgrade to VIP 1.
The subject continuously threatened and demanded that the victim transfer the full amount of money. At this point, Ms. D realized she had been scammed and went to the police to report the incident.
Police said that recently, many virtual currency exchanges have been introduced as projects with high interest rates that pose a potential risk of fraud.
The subjects are willing to send money to investors to attract participation.
Many people, due to greed, have fallen into traps when investing in these floors.
To prevent fraud, Hanoi City Police recommend that people be vigilant when participating in online dating applications and friend requests from strangers via social networks and online dating applications.
You should not invest or trade on virtual currency exchanges, digital currencies, websites, or virtual currency investment applications.
In particular, be wary of advertising platforms that promise high profits or attractive investment opportunities to seize victims' assets.
Investing in websites, applications, and virtual currency exchanges poses many risks for investors because virtual currency exchanges do not have legal representatives in Vietnam and virtual currency is not recognized by Vietnamese law.
If fraud is discovered, people need to immediately report it to the police to quickly verify, prevent and handle violators according to the law.
Source: https://baovanhoa.vn/phap-luat/duoc-tang-18-trieu-dong-va-bi-lua-600-trieu-dong-khi-dau-tu-tien-ao-qua-ung-dung-koi-global-160059.html
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