Published On: Thu, Apr 12th, 2018

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

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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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