Vietnam’s Ministry of Public Security said that investigators had dismantled a large crypto-related fraud ring tied to the ONUS ecosystem after a long-running probe. According to the ministry’s statement, authorities summoned more than 140 related individuals on March 20 and 21 and later opened a criminal case covering alleged asset appropriation through electronic networks and alleged money laundering.
The ministry said investigators identified several suspects, including Vuong Le Vinh Nhan, Tran Quang Chien and Ngo Thi Thao, and alleged they created and sold tokens including VNDC, ONUS and HNG through the ONUS platform. Authorities said the group used misleading promotion, artificial trading activity and price manipulation to attract investors, and alleged the scheme mobilized billions of dollars.
The case remains under investigation. The ministry said detention orders were issued on March 24 for multiple suspects and urged potential victims and related parties to contact investigators, while also warning the public to be cautious of online investment pitches tied to self-described crypto or technology ecosystems promising high returns.
Source: Vietnam Ministry of Public Security statement.
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