Detain Key Suspect, Nguyen Quoc Hung: Authorities Seize Numerous Evidentiary Items

On June 4, 2025, the Investigation Police Agency of Dong Nai Province initiated criminal proceedings and arrested five individuals, including Nguyen Quoc Hung (41 years old) and his girlfriend, Bui Thi Thanh Nga (34 years old), both from Hanoi; Ho Long Tri (45 years old) from Ho Chi Minh City; Dinh Huu Hay (34 years old) from Binh Dinh Province; and Than Van Hiep (43 years old) from Trang Dai Ward, Bien Hoa City. They are being investigated for “appropriating assets by fraud” as stipulated in Clause 4, Article 174 of the Criminal Code.

According to the police, in February 2023, Hung hired a group of anonymous individuals on Telegram to develop a cryptocurrency project called “Matrix Chaine” (MTC) on the “SafePal” electronic wallet platform and the B2B Smart Trade platform for 20,000 USDT (approximately 520 million VND). To maximize profits, Hung and Nga organized events and formed groups, setting targets and promising profits to attract investors.

Furthermore, they recruited and trained “Leaders” for different regions, established offices, and conducted workshops, offering extremely high commissions and profits to entice and defraud people into depositing money. Ho Long Tri managed the southern region, Dinh Huu Hay oversaw the central region and the Central Highlands, and Than Van Hiep was in charge of Dong Nai Province. From early 2023 to the end of 2024, Hung and Nga successfully built a community, luring tens of thousands of participants across Dong Nai Province and other parts of the country. They registered more than 138,000 accounts and appropriated 394,276,762 USDT (over 10,000 billion VND).

On May 19, 2025, under the direct guidance of Major General Nguyen Duc Hai, Director of Dong Nai Provincial Police, the Criminal Police Division coordinated with the Ministry of Public Security’s Criminal Police Department, and the police of Hanoi, Ho Chi Minh City, Hung Yen, Binh Dinh, Dak Lak, Gia Lai, Bac Giang, and other provinces to form multiple task forces. These teams simultaneously took action, apprehending and escorting the suspects and conducting searches at their residences and workplaces. Numerous exhibits and evidence were seized to serve the investigation.

The Investigation Police Agency of Dong Nai Province is expanding the investigation and will strictly handle the case in accordance with the law. To facilitate the investigation and clarify the criminal acts of the suspects, the Investigation Police Agency of Dong Nai Province requests that anyone who has been harmed by this group promptly report to the address of the Investigation Police Agency of Dong Nai Province (Criminal Police Division) at 47 Nguyen Ai Quoc Street, Tan Hiep Ward, Bien Hoa City, Dong Nai Province. The direct phone number is 0693.480182.