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ONUS fraud case widens as Vietnam arrests key suspects

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CoinDCX’s founders under fire in $75K fraud case: Details

Vietnamese authorities have opened a wide fraud case tied to the ONUS crypto ecosystem after detaining several suspects and accusing them of using token promotions and controlled trading to take investor funds. 

Summary

  • Vietnam detained ONUS-linked suspects after police alleged token promotions and market control were used deceptively.
  • Authorities said the case involved VNDC, ONUS, and HNG tokens promoted through the platform directly.
  • Vemanti said it hired US legal counsel after reports named two board members in indictments.

The case puts fresh focus on crypto enforcement in one of the world’s busiest retail digital asset markets.

Vietnam’s Ministry of Public Security launched criminal proceedings on March 23 over alleged “appropriating property through computer networks” and “money laundering” linked to the ONUS ecosystem, according to local reporting that cited the ministry’s investigation agency. The probe covers Hanoi and several other provinces and cities.

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Authorities named several suspects in the case, including Vuong Le Vinh Nhan, Tran Quang Chien, and Ngo Thi Thao, based on Vietnamese reports. Investigators say the group promoted and traded tokens through the ONUS platform while keeping control over supply, demand, and pricing.

Investigators allege the group used promotions and coordinated trading activity to present certain tokens as real investment products while managing their markets from the center. Local reports said the case involves tokens such as VNDC, ONUS, and HNG.

Vietnamnet reported that police view the matter as one of the country’s largest cybercrime investigations tied to digital assets. Authorities have not published a full public breakdown of investor losses, though reports on the case said the scheme drew in funds worth billions of US dollars.

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Vemanti Group said it learned through the ministry’s announcement and local media that Nhan Vuong, its board chairman, and Chien Tran, a board member, had been indicted. The company said it had received no earlier notice from authorities in any jurisdiction before the public reports appeared.

Vemanti added that it had hired US legal counsel to review the matter. The statement linked the investigation to ONUS Pro, the platform at the center of the Vietnam case.

Vietnam’s crypto market faces more fraud scrutiny

The case lands at a time when Vietnam remains a major crypto market. Chainalysis ranked Vietnam fourth in its 2025 Global Crypto Adoption Index, placing it among the world’s most active countries for grassroots digital asset use.

Regional enforcement has also widened beyond Vietnam. In India, the CBI said it arrested a Mumbai-based suspect accused of sending people to scam compounds in Myanmar, where trafficked victims were allegedly forced to run online fraud, including cryptocurrency investment scams and romance scams.

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Crypto World

XRP Spot ETF Hits 11-Week Inflow Record

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XRP Spot ETF Hits 11-Week Inflow Record

XRP spot ETFs recorded $17.11 million in net inflows on April 15, their largest single-day intake in nearly 11 weeks, as four consecutive days of positive flows pushed combined assets under management above $1.25 billion.

Summary

  • XRP spot ETFs drew $17.11 million on April 15, the strongest single-day inflow since February 3, 2026, bringing a four-day total to $38.86 million.
  • Combined US-listed XRP ETF assets under management crossed $1.25 billion as the token rallied 6% to $1.42 on Thursday, reclaiming fourth place by market cap.
  • Analysts say the CLARITY Act roundtable and Ripple’s new tokenized bond pilot with Kyobo Life are adding regulatory and utility tailwinds behind the inflow surge.

XRP (XRP) spot ETFs logged their largest single-day inflow in nearly 11 weeks on April 15, with $17.11 million flowing into US-listed products, per SoSoValue data. The figure marks the strongest daily intake since February 3, 2026, and extends an inflow streak to four consecutive sessions for the first time since March.

Over those four days, US-listed XRP ETFs drew a combined $38.86 million, pushing total net assets to over $1.25 billion. XRP itself rose 6% to $1.42 on Thursday, outperforming every other token in the top 10 by market cap.

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The timing aligns with a broader improvement in crypto market sentiment driven by US-Iran ceasefire diplomacy and easing macro risk. XRP specifically has been benefiting from additional catalysts beyond the macro backdrop.

The SEC’s CLARITY Act roundtable, which kicked off in Washington today, is being closely watched by the XRP community as it could clarify the regulatory treatment of digital assets used in payments, an area where XRP has direct exposure. The prospect of legislative progress has brought institutional buyers back to the ETF market.

Ripple’s announcement on April 14 of a tokenized government bond pilot with South Korea’s Kyobo Life Insurance also reinforced XRP’s real-world settlement utility, adding a fundamental narrative alongside the technical inflow momentum. XRP ETFs posted a record $119.6 million across global products the week ending April 11, driven largely by European buyers, before Wednesday’s US-led single-day surge reset the domestic record.

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What Analysts Are Watching

XRP remains roughly 23% below its January 2026 high despite Thursday’s rally. Analysts say the $1.60 level, which aligned with XRP’s March 17 high, is the first meaningful resistance test. A sustained hold above $1.40 is needed to avoid a false breakout reading on the chart.

The four-day inflow streak is constructive because XRP’s exchange supply has dropped to multi-year lows, meaning ETF accumulation is absorbing tokens from an already thin exchange order book. When ETF demand meets low exchange supply, price elasticity tends to increase on the upside.

XRP price has rallied 6% to $1.42 with its market cap moving back above $87 billion, with further upside contingent on clarity from today’s SEC roundtable and continued ceasefire progress reducing the macro headwinds that have kept risk assets pressured since February.

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Bitcoin’s Quantum Migration May Reveal Number of Satoshi Coins: Adam Back

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Bitcoin's Quantum Migration May Reveal Number of Satoshi Coins: Adam Back

Blockstream CEO Adam Back said Thursday that a future post-quantum migration of Bitcoin could help clarify how many coins linked to Satoshi Nakamoto remain accessible, because any owner wanting to protect vulnerable holdings would need to move them to a new address format.

Speaking at Paris Blockchain Week, Back said such a migration would likely give users ample time to move funds and argued that coins left unmoved after that process could reasonably be treated as lost.

“This migration to post-quantum address format may tell us how many of those coins [Satoshi] still has,” said Back, adding that the pseudonymous creator has an estimated 500,000 to 1 million Bitcoin (BTC).

Satoshi’s Bitcoin stash has ignited heated debate among Bitcoin holders concerned by the quantum computing threat. On Wednesday, Jameson Lopp and five co-authors published a Bitcoin Improvement Proposal aimed at restricting the future movement of coins held in quantum-vulnerable address formats, including older coins whose public keys have already been exposed.

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Adam Back, keynote speech at Paris Blockchain Week in 2026. Source: Cointelegraph

Blockchain data platform Arkham estimates that Nakamoto-linked wallets hold 1.09 million Bitcoin, currently valued at $81.6 billion.

Related: Bernstein says Bitcoin market already priced in quantum risk

Back sees long runway on quantum

Back said Bitcoin developers and holders still have substantial time to prepare, arguing that a quantum breakthrough capable of threatening Bitcoin signatures is at least 20 years away.

He argued that today’s quantum computers are “less powerful than a $5 calculator” and that some of their issues become more pressing as these systems scale, such as their energy consumption.

Back said that runway should give developers and users ample time to develop a post-quantum path and migrate to a new quantum-resistant standard underpinned by hash-based signatures.

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Hash-based signature schemes for Bitcoin, research paper. Source: Blockstream Research

In December 2025, Back’s Blockstream Research released a paper proposing a hash-based signature scheme that offers a “promising path for securing Bitcoin in a post-quantum world,” as a quantum-safe replacement for the ECDSA and Schnorr signatures. Under the proposal, security would rely solely on hash function assumptions, similar to the ones currently used in Bitcoin’s network design.

The Elliptic Curve Digital Signature Algorithm (ECDSA) uses elliptic-curve cryptography to verify the authenticity and integrity of a message. Schnorr signatures are another signature scheme praised for enhancing privacy and reducing data size, due to their ability to combine multiple signatures into one.

Magazine: Bitcoin vs. the quantum computer threat — Timeline and solutions (2025–2035)