As 2025 begins, police in different regions have detained various fraudsters involved in cryptocurrency scams. In Vietnam, four individuals were arrested for running a crypto-mining scam that misled over 200 victims, resulting in a loss of approximately 4 billion Vietnamese dong ($157,300). The scamsters operated a fraudulent website named BitMiner, claiming to be a Dubai-based operation that offered unrealistic investment returns. Meanwhile, in Springfield, Massachusetts, law enforcement alerted residents to a rise in crypto-related scams, particularly one involving cryptocurrency ATMs where victims are coerced into sending money to scammers. Additionally, Hong Kong authorities arrested 31 people, mainly students, connected to AI deepfake fraud that defrauded individuals from countries including Singapore and the United States. The syndicate used AI technology to create convincing fake identities, highlighting the growing threat of advanced technologies in financial scams.

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