Vietnamese National Charged in $16M Crypto Scam
- Trung Nguyen Van, aged 37, was charged with money laundering linked to a “pig butchering” crypto scam.
- One victim reportedly lost $16 million in cryptocurrency between June and August, believing they were investing in a platform called “Triangle.”
- Investigators traced over $569,000 directly to Van’s wallet, which later received six additional transfers totaling nearly the same amount.
- Van’s wallets allegedly received an estimated $53.3 million from fraud schemes between February 2018 and December.
The fraudulent activities involved establishing fake romantic relationships online to lure victims into investing in non-existent crypto platforms. This method of deception has caused significant financial losses globally.
Authorities managed to trace more than $569,000 directly to Van’s wallet as part of the broader scheme that netted approximately $53.3 million from unsuspecting investors over several years. Source
