32-year-old Nhu, the alleged mastermind behind an online gambling ring using USDT, ETH, and Naga, has been indicted by the Ho Chi Minh City People’s Procuracy on charges of gambling and organizing gambling.

Bhatia Mohit (Indian national), identified as the primary architect of this operation, introduced Nhu to a multi-level marketing scheme disguised as online gambling. Mohit and several other suspects have fled and remain at large. The investigation is ongoing.

Huynh Long Nhu at the time of his arrest. Photo: *Tuong Van*

The procuracy determined that Nhu began working as Mohit's general agent in early 2020, earning an average of 20,000 USD per week. Nhu’s illegal profits totaled approximately 53 billion VND. Before his arrest on 8/11/2021, fearing police detection, he planned to liquidate assets and flee the country.

Nhu converted some cryptocurrency into Vietnamese dong to invest in real estate. He bought apartments in Tan Binh and Tan Phu districts, along with a house and land in Tan Phu district for 43 billion VND. He also contributed over 3 billion VND, alongside his older brother Huynh Long Bach’s 6.9 billion VND, to purchase property in Go Vap district, putting it under the name of his younger sister, Huynh Thi Tay Ha, with the intention of bringing their mother from Binh Thuan to live with them.

Through Pham Thi Mai Ngan (another suspect in the case), Nhu transferred 250,000 USD overseas to buy a house in Slovakia, obtain a visa, and purchase plane tickets to Qatar.

Five days before his arrest, Nhu transferred 2 million USD to his brother for safekeeping.

These assets have since been seized and frozen.

However, Nhu claimed during the investigation that the assets were purchased with personal funds from digital currency investments, not from his illegal gambling profits. Regarding the house in Slovakia, Nhu explained that he had been living with his girlfriend since 2017 and they had a child together, but their relationship had deteriorated. He claimed he wanted to emigrate, not escape justice, because they couldn't find a justifiable reason to separate.

Pham Thi Mai Ngan at the time of her arrest. Photo: *Tuong Van*.

A network of 25,000 gambling accounts

Around 2016, Nhu began investing in cryptocurrency and met Pham Thi Mai Ngan. In early 2020, Nhu and Ngan met Bhatia Mohit, who introduced them to his multi-level marketing scheme disguised as online gambling.

Mohit managed Queenpro.com, linked to Evolution Gaming's game portal (with servers in Sweden) to synchronize account data, betting history, and win/loss results for payouts. Mohit hired Nhu as the general agent to develop the network in Vietnam. The website underwent several name changes, ultimately becoming Swiftonline.live, before being shut down by Ho Chi Minh City Police in June 2021.

Nhu's role was to promote, build the network, and attract participants by presenting it as a digital currency investment through online card games, promising a daily return of 1.5%—equivalent to 25% monthly. Players who lost were refunded with profits, and those who recruited new members received commissions from level 1 to level 7, plus a 1-3% bonus on the deposited amount.

To expand their network, Nhu and his accomplices held training sessions via Zoom, instructing participants on capital management, personal branding, and training team leaders and signal readers. The group also organized events in Ho Chi Minh City, Phu Quoc, Da Lat, and Phan Thiet to promote their "get-rich-quick" scheme.

Participants had to purchase USDT on platforms like Remintano and Binance or buy directly from others, then transfer the funds to their Swiftonline.live e-wallets.

Huynh Long Bach (t-shirt) at the time of his arrest. Image from video

Huynh Long Bach ran a similar gambling operation through NagaClubs.com with over 5,500 accounts. Bach established Libra Tech, placing it under the control of an accomplice, and then recruited staff, assigning tasks to support his gambling operation.

When the police raided the operation, Bach's e-wallets contained a large amount of cryptocurrency, including the 2 million USD that Nhu had entrusted to him.

Bach's illegal profits amounted to over 2.5 million USD, which he used to acquire several properties in Go Vap district, placing three under his sister's name. Investigators froze Bach's accounts, which held a balance of over 3 billion VND.

Evidence seized by police. Photo: *Tuong Van*

Authorities have identified the digital currency gambling ring led by Nhu and Bach as exceptionally large, involving approximately 25,000 accounts and nearly 3.8 billion USD (almost 88 trillion VND) in gambling funds.

During the investigation, authorities seized numerous electronic devices; nearly 3 billion VND; over 19,000 USD; 40,000 AUD; six Mercedes and Peugeot vehicles (worth over 20 billion VND); land-use rights certificates; receipts; and land purchase deposit contracts.

Nhu, his younger brother Huynh Long Tu (27), his younger sister Huynh Thi Tay Ha, and nine others have been charged with gambling and organizing gambling. Huynh Long Bach and 20 others are charged with organizing gambling.

In addition to these charges, authorities suspect Nhu, Bach, and their accomplices of similar offenses in operations run by Bhatia Mohit and Nguyen Thi Bich Quyen (also known as Quyen, of unknown origin), as well as money laundering. On 21/8/2025, the Ho Chi Minh City Police Department separated this case and related evidence for further investigation.

*Hai Duyen*