Home / Bitcoin Scams / Vietnam Investigates Alleged $660 Million ICO Fraud of Pincoin, Ifan

Vietnam Investigates Alleged $660 Million ICO Fraud of Pincoin, Ifan

Vietnamese authorities have asked local ministries and the police to investigate two allegedly fraudulent initial coin offerings (ICOs) that conned 32,000 investors out of a staggering $660 million. The operators of the purported ‘cryptocurrency’ startups fundamentally conducted multi-level marketing schemes, local news outlet Tuoi Tre News reports, pointing the finger at Pincoin and Ifan that

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