Vietnam Authorities Crack Down on ONUS Cryptocurrency Exchange

The Investigation Police Agency in Vietnam has taken action against several individuals involved in the ONUS cryptocurrency exchange. The agency has initiated criminal proceedings into a case of using computer and telecommunications networks, or electronic means, to appropriate assets, as well as money laundering.

According to preliminary findings, the defendants created and issued cryptocurrencies between 2018 and manipulated prices to build trust and attract investors. The suspects, including Vuong Le Vinh Nhan, General Director of Digital Asset Management JSC, and Tran Quang Chien, technical administrator of the ONUS exchange, have been indicted for using electronic means to appropriate assets.

The Investigation Police Agency is coordinating with the Supreme People’s Procuracy to further investigate and clarify the case. The agency has also called on victims and individuals with related rights and obligations to come forward to support the investigation.