Vietnamese authorities have detained multiple suspects linked to the ONUS crypto platform, alleging they used false promotions and coordinated trading to misappropriate investor funds. The Ministry of Public Security said the probe targets a group accused of selling digital tokens through ONUS while manipulating supply, demand and prices to present assets as legitimate investments despite retaining centralized control.
Investigators named several suspects, including Vuong Le Vinh Nhan — whom Vemanti links to XPLOR, the Singapore-based parent company of ONUS Pro — Tran Quang Chien, identified in Vietnamese reports as the technical administrator of the ONUS exchange, and Ngo Thi Thao, director of HanaGold Jewelry JSC. Authorities say the group created and promoted tokens including VNDC, ONUS and HNG via the platform. Police allege the scheme raised billions of dollars from investors but did not provide a detailed breakdown of losses.
The case follows a multi-agency investigation across several cities. Police say they summoned more than 140 people for questioning and seized evidence as part of efforts to dismantle large-scale crypto-linked fraud operations. Vemanti Group said it learned of indictments involving Nhan and Chien from the ministry announcement and media reports and has engaged U.S. legal counsel to assess the situation. Vemanti identified Vuong as its board chairman and Tran as a board member.
ONUS markets itself as a digital asset ecosystem offering trading, staking and investment products, claiming over seven million users and backing from U.S.-based fintech firm Vemanti Group. Its official X account has more than 885,000 followers. Market data aggregator CoinMarketCap lists the ONUS token with a self-reported market capitalization of roughly $25 million, a figure that highlights a gap between the platform’s alleged scale of investor losses and publicly available token metrics. ONUS has not issued an official statement; Cointelegraph contacted the platform but had not received a response by publication.
The arrests add to heightened scrutiny of crypto activity in Vietnam, one of the world’s most active retail digital-asset markets and ranked fourth in Chainalysis’ 2025 crypto adoption index.
Separately, India’s Central Bureau of Investigation said it arrested a Mumbai-based suspect accused of facilitating the trafficking of victims into scam compounds in Myanmar. The agency alleges individuals were lured with job offers to Thailand and then diverted to scam centers in Myanmar’s Myawaddy region, where they were confined, intimidated and forced to operate online fraud schemes, including crypto investment and romance scams targeting victims worldwide.
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