The Vietnamese Ministry of Public Security has detained several executives of the ONUS platform, suspected of manipulating token prices and misappropriating investors' funds.

Gate News report, on March 27, the Vietnamese Ministry of Public Security detained multiple individuals related to the cryptocurrency platform ONUS, accusing them of embezzling investor funds through false advertising and coordinated trading activities. Investigators stated that the suspects manipulated the supply and demand of tokens such as VNDC, ONUS, and HNG and adjusted prices while maintaining centralized control over the market. The police reported that the operation involved billions of dollars, but did not disclose detailed information about investor losses.

The individuals confirmed to be involved by the authorities include: Vuong Le Vinh Nhan, associated with ONUS Pro’s Singapore parent company XPLOR by Vemanti, Tran Quang Chien, described by local reports as the platform’s technical administrator, and Ngo Thi Thao, a director at HanaGold Jewelry JSC. The investigation involves multiple cities and agencies, with over 140 people already summoned for questioning.

Vemanti confirmed that it has hired legal counsel in the United States and confirmed that Nhan is its chairman of the board and Chien is a board member. The ONUS platform claims to have over 7 million users and is supported by the American fintech company Vemanti Group, but CoinMarketCap shows that the market capitalization of ONUS tokens is approximately $25 million. The platform has not yet issued an official statement regarding the allegations.