From the beginning of this year, the CryptoCurrency market in Vietnam has been shaken continuously with a series of Scam took up to millions of dollars such as Ifan, PinCoin, AOC and most recently Skymining
Skymining claim itself as an organization dedicated to investing in computers that exploit software decoding algorithms (also known as digging coin). The task of the c Skymming board is to receive capital from members – investors – to invest in equipment, machinery, factory construction and operation. The nature of the business model is multi-level-marketing, digging coin services. In Vietnam, MLM is not allowed to apply in the service sector since the law made up to protect the interests of investors
Letter of Skimming leaders to Investors
Address: Sky Mining – Parkway Villa 202B Hoàng Văn Thụ, P.9, Q. Phú Nhuận TPHCM.
The letter mentions that the CEO / owner of Skymining, Le Minh Tam, disappeared and the board of manager could not be contacted by the board of managers so they had to elect a new board of directors. The new board of manager also said it would report to this case to Vietnamese Police
Many investors have contacted the authorities, denounced skymming. According to the Vietnamese Police recent report. Mr. Le Minh Tam has fled to the United State and stayed in California. The Vietnamese Police says Mr. Tam went away with the budget of 35 million USD. Furthermore, all the digging machines in the ditches of Investor have also disappeared from factory
These things scam and other scams in Vietnam raise a huge change in the local community. In Vietnam where Multiple Level Market could lead easily to scam and fraud
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