Vietnam Traces VND1T Net.win Flow Through 13 Bank Accounts
Hung Yen police have traced more than VND1 trillion ($38.61 million) in transactions through 13 bank accounts used by the Net.win gambling system. Investigators say people renting out the accounts stayed involved when biometric approval was needed for transfers.
The $38.61 million figure was carried by Vietnam News Agency via VietnamPlus on September 28. The underlying investigation was disclosed by provincial police two days earlier.
The case started with one Net.win player from Tien Tien commune. He told investigators that he had joined the site in early 2025 and deposited money into bank accounts supplied by the system.
Players bought points with those deposits. Net.win used a rate of VND1,000 ($0.04, based on the September 26 Vietcombank USD/VND rate) for 1,000 points, according to police. Winnings could be converted back into money and sent to a bank account.
165 Transfers Led to the 13 Accounts
Bank records for that player gave investigators a route into the payment network. Between February 8 and October 16, 2025, he made 165 transfers worth nearly VND2 billion ($77,000) to 13 accounts connected with Net.win. The Hung Yen Police disclosure says those accounts were spread across several banks and had handled more than VND1 trillion in total.
Police found that bank accounts had been rented or otherwise supplied for use by the network. Their registered owners were paid monthly to keep the accounts active and carry out incoming and outgoing transactions.
The owners were still needed for another reason.
Account Owners Performed the Face Scans
When a transfer required biometric verification, police say the registered account holders personally completed the biometric check or facial scan at the request of people running the network.
Based on the police description, there is no indication that the facial-recognition step itself was technically defeated. The person tied to the account performed the check.
That changes what was effectively being rented. Access did not stop at an account number or banking credentials. The account holder remained available when the bank asked for proof of identity.
VND5M Review Finds 16 Players
Police then reviewed transactions of VND5 million ($193) or more between players and accounts identified as part of the Net.win system. That work has so far identified 16 people who allegedly gambled online.
Some had participated repeatedly. Reported losses ranged from several million dong to hundreds of millions.
The 16 should not be read as a count of all Net.win players involved with the accounts. Police specifically said the figure came after examining transactions at or above the VND5 million level.
Biometrics Did Not Remove the Mule Account
The investigation is continuing into the people behind the network, its operating structure and the movement of funds. Police have also warned against renting, lending, buying or selling bank accounts, as well as performing biometric authentication or face scans for third parties.
The Net.win case shows the limitation of treating a successful biometric check as proof that an account is being used normally. Police describe a setup in which the registered owner remained available and passed the identity check personally, while the account itself was being used for the gambling network.
That meant the account could still be used for the network when a transfer triggered biometric verification.