Vietnam Police Arrest Key Figures in $400M Matrix Chain Crypto Scam

Vietnamese authorities have arrested key individuals associated with a massive cryptocurrency scam involving approximately $400 million, known as the ‘Matrix Chain’ operation. This multi-level marketing scheme attracted over 138,000 victims since its inception in February 2023 and is believed to have been orchestrated by mastermind Nguyen Quoc Hung and an anonymous development group. The arrests took place in Dong Nai Province, marking a significant step in curbing this illicit activity.