Vietnam detained ONUS-linked suspects in an alleged token fraud case as police described price manipulation, false promotions and centralized market control.
Vietnamese authorities have detained multiple ONUS-linked suspects after alleging they used false promotions and manipulated token trading to misappropriate investor funds through the crypto platform.
The Ministry of Public Security said Thursday that the investigation targeted a group accused of selling digital tokens through the Onus platform, using misleading promotions and coordinated trading activity to attract users. Authorities claim the group manipulated supply and demand and adjusted token prices, presenting the assets as legitimate investment opportunities while maintaining centralized control over their markets.
Investigators named several suspects in the case, including Vuong Le Vinh Nhan, who is linked by Vemanti to XPLOR, the Singapore-based parent company of ONUS Pro; Tran Quang Chien, identified in Vietnamese reporting as the technical administrator of the ONUS exchange; and Ngo Thi Thao, director of HanaGold Jewelry JSC.
