On September 28, the Department of Cyber ​​Security and High-Tech Crime Prevention (Hanoi City Police) said that it had just received a report from Mr. H. (in Hanoi) who was scammed and had nearly 30 billion VND appropriated when investing in virtual currency.

Specifically, through the social networks Zalo and Telegram, Mr. H. made friends and chatted with a person with the account "Angela Phuong". After a while, the above subject invited him to participate in investing in virtual currency through the website: decexswap.com and then changed the domain name to fiatlesscoin.com.

Because he believed it would bring high profits, Mr. H. followed the subject's instructions to create accounts and transfer money to the accounts specified by the scammer.

Initially, Mr. H. made a profit and withdrew more than 300 million VND. After that, he continued to deposit nearly 30 billion VND to invest with the promise of higher profits.

However, when he wanted to withdraw money, Mr. H. was notified by the system that he had violated the principle of buying/selling without recommendations and was required to pay a fee. Realizing that he had been scammed, Mr. H. went to the police to report.

To prevent fraud, Hanoi City Police advise people to be vigilant and not participate in investing or trading on virtual currency exchanges, digital currencies, websites, and virtual currency investment applications, especially those advertising, promising high profits or attractive investment opportunities.

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.