According to a report by the Vietnam Law Newspaper, the Vietnamese Ministry of Public Security has disclosed the progress of the ONUS digital currency case. The Security Investigation Bureau (A09) of the Vietnamese Ministry of Public Security stated that the police filed the case on March 23, 2026, and prosecuted eight defendants on charges including using computer networks, telecommunications networks, or electronic means to commit property appropriation and money laundering. The police said that since 2018, the suspects have used digital currencies and multiple "ecosystem companies" to create circular transactions, attracting individual investments, and the total amount of electronic currency sold to investors exceeded 700 billion Vietnamese dong (approximately 26.8 million USD). The police have received more than 2,000 reports, initially seized over 350 kilograms of gold and silver, and blocked eight real estate transactions worth 200 billion Vietnamese dong (approximately 7.7 million USD).

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TidalShell
· 8h ago
Ecosystem companies’ circular trading—sounds familiar; it’s a classic Ponzi recipe, truly.
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FlamingoFacingJudgment
· 11h ago
$26.8 million can cause such a big stir; the capital sensitivity of the Vietnamese market is indeed different. I hope the victims can recover some of it.
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GateUser-44dde53b
· 11h ago
The scheme started in 2018, and it’s only now blowing up. Most of the victims are probably seasoned “leeks.”
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MintLiquidationWarning
· 11h ago
700 billion dong, over 2,000 reports, this scheme is big enough. Vietnamese police moved quickly as well, directly freezing real estate and precious metals—better than some places.
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