Gate News reports that on March 27, according to Singapore’s The Straits Times, Vietnamese police have uncovered a “massively large” cryptocurrency scam involving amounts totaling billions of dollars. On March 26, police arrested blockchain businessman Vuong Le Vinh Nhan (also known as Eric Vuong) and his six accomplices, charging them with illegal possession of property and money laundering.
Since 2018, this gang has created and sold fake cryptocurrencies to investors through a platform called ONUS. The platform had millions of Vietnamese users and became inaccessible on March 20. Police accuse Eric Vuong of promoting fake tokens, manipulating supply and demand, and adjusting prices, and have summoned over 140 people for investigation.
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