According to a report released on April 9 by Tuoi Tre News, a local media in Vietnam, the ICO operators of Ifan and Pincoin have not raised any grounds for fraud have.
It is known as a multi-level marketing model managed by Modern Tech, which started in Singapore and Dubai (Dubai) and is now headquartered in Vietnam.
The amount of damage involved in selling tokens is estimated at about $ 6.6 million. If the ICO eventually turns out to be fraud, it will be the largest event in the industry.
According to local press Viet Bao, the owner of an office building in Modern Tech said, “Modern Tech has already moved in early February.” “No one knows where they are now,” he added.