Pincoin and iFan

Pincoin and iFan took place in April 2018. Two ICOS were held by the same Modern Tech company in Vietnam. 32,000 investors gave a total of $660 million.

Both ICOS are classified as multi-level marketing Scam. iFan advertised a social network for celebrities through which they could promote their content. Pincoin promised 40% of the monthly profit from the contributions made to the online platform for investment and auctions.