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New cryptocurrency scam hits Vietnam as miner leaves for US

Thousands joined investment scheme in one of Asia's biggest nations of cryptocurrency fans

A bitcoin ATM in Ho Chin Minh City.
A bitcoin ATM in Ho Chi Minh City. Cryptocurrencies remain illegal in Vietnam, authorities say.

HO CHI MINH CITY -- More than 300 investors reported a suspected cryptocurrency scam to Vietnamese authorities on Tuesday after the head of a bitcoin mining startup disappeared along with $35 million in client money.

Le Minh Tam, director of Sky Mining, reportedly absconded to the U.S. a few days ago.

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