Vietnam Don Bust $200M Paynet Coin Ponzi, Dem Don Seize $38M Assets
Vietnam police don knack down the biggest Paynet Coin Ponzi scheme, na cryptocurrency scam wey con investors about $200 million through FMCPAY.com and AFF2024.com. The operation no get license, and em led by Nguyễn Văn Hà and Phan Việt Lập, wey con many people with promise say dem go get 5%–9% monthly returns plus referral bonuses. Dem organize fine fine presentations and lie say Paynet Coin tokens fit trade for US exchange and e fit use book travel.
For coordinated raids for Phu Tho, Hanoi and Ho Chi Minh City on July 15, 2025, police arrest 20 suspects including the two main heads, plus dem seizure $38 million cash, foreign currency and property. Police also freeze related accounts as investigation still dey go.
Officials warn say anonymous transactions dey make am hard to recover assets for crypto fraud cases, dem dey advise investors to check if the project legit. This Paynet Coin Ponzi case show say regulatory watch and asset seizure dey grow for Southeast Asia crypto market. Traders suppose dey watch local enforcement trends and make dem cautious with high-yield crypto offers.
Bearish
Dis tori be bearish becos di exposure and crackdown for Paynet Coin Ponzi scheme fit make people lost confidence for di token and similar high-yield crypto projects dem. For short term, traders fit sell all their Paynet Coin or related assets quickly, wey go make di price drop. For long term, di increased regulatory check and asset seizure for Southeast Asia fit stop people from putting money for unlicensed crypto business dem, keep bad feeling and stop price from rising again for Paynet Coin or similar tokens.