Vietnam's ONUS Pro Crypto Exchange Halts Withdrawals Amid Police Device Seizures and Investigation

Vietnam's prominent cryptocurrency trading platform ONUS Pro has suspended all cashout activities due to ongoing police activity.

Users began experiencing login issues over the weekend prior to March 23, 2026, with error messages appearing from March 20.

Police Actions Trigger Service Disruption

Authorities confiscated several devices from ONUS Pro for verification purposes, directly halting users' ability to withdraw funds.

Vemanti Group, the U.S.-based parent company of ONUS Pro, issued a press release confirming the significant service disruption.

Vemanti stated it is unable to intervene directly, lacking access to the platform's operational systems.

History and Growth of ONUS Pro

Founded in 2020 by Vietnamese entrepreneur Tran Quang Chien, ONUS Pro is headquartered in Singapore and initially launched with the VNDC stablecoin.

The platform expanded to full trading features and now serves over seven million users across Southeast Asia, with a strong focus on Vietnam.

Strategic investor HVA Group also reported that its app cannot process withdrawals due to the confiscated devices.

User Impact and Vietnam's Crypto Landscape

This outage has left users unable to access accounts or funds, sparking widespread concern among Vietnam's active crypto community.

Vietnam ranks as one of the top three cryptocurrency markets in the Asia-Pacific, recording $220-230 billion in transactions from July 2024 to June 2025.

The incident underscores growing regulatory pressures on crypto exchanges amid the country's massive daily trading volumes exceeding $600 million.

Looking ahead, resolution remains uncertain as the police investigation continues, potentially reshaping compliance standards for platforms like ONUS Pro.