Vietnamese residents are charged with theft and kidnapping of cryptocurrencies worth $ 1.5 million and must be brought to court (report)

Vietnamese residents are charged with theft and kidnapping of cryptocurrencies worth $ 1.5 million and must be brought to court (report)

The People's Court of Ho Chi Minh-Stadt has reportedly put 16 Vietnamese on trial, which may be behind a crypto robbery and a kidnapping worth $ 1.5 million. Interestingly, two of the accused are former police officers.

Vietnam is one of the world's leading providers in relation to the introduction of cryptocurrencies. Despite its increasing popularity, the government of this investment class has not imposed no legal framework.

The cinematic history

According to a local media company, the whole drama Preserver-Spaces = "True"> started when Le Duc Nguyen Ho Nguyen rieted, around 1,000 BTC at that time of around $ 4.2 million) to sell to buy other digital currencies.

Nevertheless, the investment was not as planned, what Tai believed that he had become the victim of a crypto fraud. He could not accept the loss and put together a team in May 2020, the aim of which was to regain assets.

The unit consisting of 16 people (including two former police officers), Nguyen's whereabouts are pursued using GPS devices installed in his vehicle. The people rented a van, bought realistic weapons and kidnapped the goal with a weapon.

While they were in custody, the team insisted that Nguyen's brother transferred the original amount of 1,000 BTC to Tais Wallet. However, the gang found that his relative did not have the requested amount and returned “only” cryptocurrencies worth $ 1.5 million. The victim was later suspended in the city of Thu Duc: about 15 kilometers north of the center of Ho Chi Minh City.

The law enforcement authorities of the Vietnamese city have recently brought Tai and his 15 alleged accomplices on trial. It is noteworthy that the mastermind of the operation initially admitted to stand behind the crime. In the course of the investigation, however, he revoked his confession. The remaining accused in turn said they assumed that Tai would incorporate Nguyen's debt as normal and not by kidnapping.

Vietnamese love cryptocurrencies

The Asian country is often at the top of studies that focus on the introduction of cryptocurrencies. The blockchain service provider-Chainalysis- in September 2022 that Vietnam is leading worldwide in this area with a score of 1,000. The company also pointed out that 21 % of the locals have used or obsessed digital currencies at some point in the course of their lives.

The "Vietnam Crypto Market Report 2022" published in March this year. According to the study, 17 % of Vietnamese (around 16.6 million people) are Hodler. Almost a third of it invested in Bitcoin.

In the report it is claimed that Vietnam is in second place in the Association of Southeast Asian Nations (Asean) with regard to the introduction of cryptocurrencies to Thailand.

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