Massive cryptocurrency fraud investigated in HCM CityPolice in Ho Chi Minh City are coordinating with relevant agencies to examine an alleged cryptocurrency fraud involving over 32,000 people and a sum of 15 trillion VND (666 million USD). Police in Ho Chi Minh City are coordinating with relevant agencies to examine an alleged cryptocurrency fraud involving over 32,000 people. In December 2017, the committee issued a document directing the management and settlement of cryptocurrency and e-money in the city, he said. More than 32,000 investors poured some 15 trillion VND into buying virtual money. Modern Tech set iFan’s value at 5 USD, much higher than the market price, causing losses to the customers.-VNA