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Prime Minister Pham Minh Chinh has commended authorities for dismantling an organized crime network that used cyberspace to set up an ONUS cryptocurrency trading system to defraud assets on a large scale.
In a letter of praise, the Prime Minister lauded the Economic Security Bureau and the Investigation Security Bureau, along with other units under the Ministry of Public Security and local police, for their decisive actions. The Prime Minister said investigators determined the suspects established 52 companies and defrauded tens of trillions of dong from the public.
Authorities arrested and summoned 142 individuals, including the masterminds. Police also seized numerous documents, data, and physical evidence, the Prime Minister noted.
The Prime Minister said the results demonstrate targeted anti-crime action, professional capabilities, and the police force’s ability to fight high-tech crime and misuse of cyberspace. He added that the work helps protect the rule of law, prevent financial losses for citizens, and deter organized crime and cybercrime.
On behalf of the Government, the Prime Minister congratulated and praised the officers’ achievements. He directed the Ministry of Public Security to consider commendations for the teams and individuals involved, instruct authorities to raise public awareness to prevent crime, and continue leveraging the results to maintain a secure environment conducive to socio-economic development.
Earlier, on March 23, the State Security investigation agency opened the case titled “Using computer networks, telecommunications networks, or electronic devices to commit property theft; money laundering was involved” in Hanoi and multiple provinces.
During the investigation, suspects Vương Lê Vĩnh Nhân (42, CEO of Asset Management Joint Stock), Trần Quang Chiến (35, technical administrator of the ONUS crypto exchange), Ngô Thị Thảo (32, Director of HANAGOLD), and four others were charged with “Using computer networks, telecommunications networks, or electronic devices to commit property theft.” One suspect was charged with money laundering.
Initial investigation results indicate that from 2018 to present, Nhân, Chiến, Thảo and others created cryptocurrencies including VNDC, ONUS, and HNG, then issued and sold them to investors via the ONUS exchange.
To build trust and misappropriate investor funds, Nhân allegedly directed the dissemination of false information and engaged in fake trading to create artificial supply and demand and to manipulate prices as required.
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