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Vietnamese authorities dismantled a monolithic cryptocurrency fraud strategy pursuing coordinated raids crossed aggregate provinces, resulting successful much than 140 interrogations and the seizure of extended physics evidence.
Rapid Response and Formal Charges
Authorities successful Vietnam person launched a sweeping probe into 1 of the country’s largest cryptocurrency fraud cases to date, detaining respective high-profile figures accused of a multiyear strategy to misappropriate assets. From March 20 to 21, coordinated task forces crossed aggregate provinces summoned much than 140 individuals for questioning and seized computers, phones, and fiscal records.
According to local reports, investigators acted swiftly to forestall suspects from destroying documents oregon concealing assets. On March 23, the Security Investigation Agency of the Ministry of Public Security formally initiated a transgression lawsuit connected charges of wealth laundering and utilizing machine oregon telecommunications networks to due property. The alleged crimes spanned Hanoi and respective different cities.
Authorities identified the alleged masterminds arsenic Vuong Le Vinh Nhan, wide manager of Digital Asset Management JSC, based successful Can Tho; Tran Quang Chien, method head of the ONUS cryptocurrency exchange, based successful Hanoi; and Ngo Thi Thao, manager of HANAGOLD Gold, Silver and Gemstone JSC, based successful Ho Chi Minh City.
Investigators allege that Nhan, Chien, Thao, and their associates created and promoted cryptocurrencies specified arsenic VNDC, ONUS, and HNG, selling them done the ONUS exchange. To lure investors, they allegedly utilized mendacious advertizing and manipulated proviso and request to artificially set prices nether Nhan’s direction.
On March 24, the Ministry of Public Security moved to prosecute and detain Nhan, Chien, Thao, and 4 others nether Article 290 of the Penal Code. One further fishy faces prosecution nether Article 324. The Supreme People’s Procuratorate has approved the detentions.
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Authorities are urging victims to interaction the Security Investigation Agency. Police besides warned the nationalist to stay vigilant against online concern schemes disguised arsenic “technology ecosystems” oregon cryptocurrency projects promising precocious returns.
FAQ ❓
- What happened successful March 2026? Police crossed Vietnam raided aggregate sites, questioned 140 people, and seized physics grounds successful a large crypto fraud probe.
- Who are the main suspects? Authorities detained Vuong Le Vinh Nhan, Tran Quang Chien, Ngo Thi Thao, and others linked to VNDC, ONUS, and HNG tokens.
- What charges were filed? Suspects look prosecution for spot appropriation via machine networks nether Article 290, and 1 faces wealth laundering nether Article 324.
- How tin victims respond? Victims should interaction the Security Investigation Agency successful Hanoi for guidance and study suspicious online concern schemes to section police.
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