DA NANG – CRACKDOWN ON A MULTI-LEVEL DONG FRAUD AND MISAPPROPRIATION SCHEME INVOLVING CRYPTOCURRENCY AND MULTI-LEVEL MARKETING. Accordingly, on December 15th, the Da Nang City Police, in coordination with the Cyber ​​Security and High-Tech Crime Prevention Department of the Ministry of Public Security and the Da Nang City People's Procuracy, deployed forces, equipment, and operational measures to arrest 8 suspects in the case, including the ringleader Huynh Duc Van (33 years old, residing in Hoa Cuong Ward, Da Nang City). Initial investigations revealed that: Around the beginning of 2020, Huynh Duc Van colluded and discussed the Chia of tasks with three individuals in Ho Chi Minh City and many others to create a "phantom" project involving a private cryptocurrency called "DRK," then promoted it through various false information on social media to lure many people into participating in order to embezzle the assets of investors.