Foresight News|Jul 05, 2026 07:30
[Vietnamese Police Report on ONUS Cryptocurrency Case: Over 350 Kilograms of Gold and Silver Seized, 8 Real Estate Transactions Frozen]
Foresight News reports, citing Vietnam's *Thanh Niên* newspaper, that the Ministry of Public Security of Vietnam recently held a press conference to announce updates on the investigation into the ONUS cryptocurrency case. A representative from the Ministry's Department of Cybersecurity and High-Tech Crime Prevention (A09) stated that during the investigation into the alleged misappropriation of assets by the ONUS cryptocurrency exchange, police have seized over 350 kilograms of gold and silver, frozen transactions involving 8 properties worth 200 billion VND, and suspended more than 300 bank accounts used by the defendants for transactions with investors. On March 23 of this year, police filed criminal charges against 8 defendants, accusing them of using computer networks and telecommunications networks to commit crimes such as asset misappropriation and money laundering.
Since 2018, the individuals involved in the case exploited the public's lack of understanding of cryptocurrencies by creating digital accounts through applications and presenting them as virtual currencies. They built trust and attracted investments by conducting circular trading among affiliated companies, ultimately misappropriating funds. Between 2018 and 2021, they sold cryptocurrencies worth over 7 trillion VND. The A09 representative noted that the case involves a large number of individuals and users, with approximately 5 million user accounts created to date. Police have received over 2,000 reports from citizens, and efforts to recover the misappropriated assets are ongoing. Authorities are also investigating whether social media influencers colluded with the defendants to promote the scheme.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink