•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Law enforcement authorities have dismantled a high-tech ring that drained funds from more than 22,841 bank cards, stealing about 5.5 billion VND from victims nationwide. The defendants include Duong Quang Phat, Vuong Van Tuyne, Tran Nhat Linh, Ho Minh Luan, Tran Thi Hoi, Huynh Hoang Huy, and Do Van Dat.
According to the case details, Phat used social media to purchase international card information belonging to others in order to access money in card accounts. The purchased data included card number, expiration date, CVV, cardholder name, address, phone number, and email.
Phat then coordinated with Tuyne and Linh to buy Facebook accounts and Google MCC accounts from online platforms. International cards were attached to these accounts to run advertisements for selling pages. Over time, funds in the cardholders’ accounts were gradually deducted. When the pages generated sales, the proceeds were siphoned back and transferred to the accounts of Tuyne and Linh.
During the operation, Tuyne and Linh hired Luuan, Hoi, Huy, Dat and others to attach the cards and run advertisements on platforms to drain funds from the cards. The group also profited from running ads.
From 2024 to the present, Phat and accomplices purchased 22,841 cards and stole more than 100,000 USD and 10,000,000 Yen, equivalent to 5.5 billion VND.
The case is being further investigated by the Hue City Police’s Investigation Agency.
Bitcoin (BTC) investors who use steady dollar-cost averaging (DCA) may be underperforming versus strategies that adjust exposure to the market’s cycle, according to new research arguing that Bitcoin’s behavior differs from traditional long-duration assets.
In a report cited by Markus Thielen of 10x Research, Bitcoin’s market…
