Vietnam has arrested several suspects accused of manipulating the prices of ONUS-related tokens.
PANews reported on March 27 that, according to Cointelegraph, the Vietnamese Ministry of Public Security has arrested several suspects linked to the cryptocurrency platform ONUS, accusing them of issuing and promoting tokens such as VNDC, ONUS, and HNG through the ONUS platform, manipulating supply and demand and prices through false advertising and coordinated trading to illegally seize investors' funds. Police stated that the group exercised highly centralized control over the relevant token market, raising billions of dollars, but did not disclose specific losses. The named suspects include Vuong Le Vinh Nhan, associated with XPLOR, the Singapore-based parent company of ONUS Pro; Tran Quang Chien, the technical administrator of the ONUS exchange; and Ngo Thi Thao, head of HanaGold Jewelry JSC. The Vietnamese police operation was conducted in multiple locations, summoning over 140 people and seizing relevant evidence. ONUS and its parent company, Vemanti, have not yet released detailed information regarding the case.
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