GoKawiilVietnamese national charged in US over $16M pig-butchering crypto fraud
Trung Nguyen Van, 37, was arrested at LAX on September 24 while attempting to board a flight to Taiwan, days after entering the US through the San Ysidro border crossing. Prosecutors say a victim wired about $16 million in cryptocurrency to Van's wallet between June and August 2024, believing they were investing in a platform called 'Triangle', and that Van moved the funds to an unhosted wallet off the centralized blockchain.
GoKawiil's interpretation of the reporting above, not reported fact.
Court documents describe a far larger scheme, with Van's wallet receiving over $53 million between 2018 and 2024, including at least $24 million tied to known pig-butchering operations, suggesting his arrest may expose a broader money-laundering network. The case highlights how scammers use unhosted crypto wallets to move stolen funds beyond the reach of centralized exchanges, complicating recovery efforts for victims.
- Van faces money laundering charges tied to a $16 million cryptocurrency fraud against one victim.
- His wallet allegedly processed over $53 million in wire-fraud-linked crypto between 2018 and 2024.
- The broader scheme prosecutors describe involves more than $125 million in cryptocurrency fraud.
Source: bleepingcomputer.com, 2026-09-29
Published there as: “Vietnamese man charged in $16 million 'pig butchering' crypto scam”
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