Theft is theft, even when it involves cryptocurrency. Vietnam’s Sky Mining CEO Le Minh Tam has gone missing for a week and may have taken with him as much as $35 million in investors’ money.
Investors seeking answers at the Ho Chi Minh company’s main office in Phu Nhuan District found the building closed and the company nameplate removed, according to VnExpress International. They also found all 600 mining machines in the company’s factory had been taken away by a group of people claiming to be maintenance workers.
Why were they seeking the CEO? Perhaps because Vietnam’s securities watchdog, the State Securities Commission of Vietnam, last week banned public companies, securities companies, fund management companies and securities investment funds from issuing cryptocurrencies or conducting brokerage activities related to them. Read more here.