As a first-year computer science student in Hanoi, Hoang Le started trading cryptocurrency from his university dorm room, egged on by his gamer friends who were making a killing.
At one point his digital holdings jumped to US$200,000 – around 50 times the average annual income in Vietnam.
But they crashed to zero when the bottom fell out of bitcoin and other cryptocurrencies in recent months.
Getting wiped out “hurt a lot”, he said, but he also learned a valuable lesson: he has come to think of…
How things went ‘downhill’ for Vietnam’s once-booming cryptocurrency traders
