On October 7th, according to exclusive information obtained by VietNamNet, Hanoi Police are working with Mr. Nguyen Hoa Binh (aka Shark Binh, Chairman of NextTech Group) to clarify allegations related to the AntEx cryptocurrency project.
Meanwhile, as reported by Dan Tri newspaper, around 3:30 PM on October 7th, police officers were seen entering and exiting the building at 18 Tam Trinh, the headquarters of Nguyen Hoa Binh’s company. Approximately 6-7 police officers entered the building.
Earlier that day at 1:40 PM, according to observations at the company headquarters of Mr. Nguyen Hoa Binh (also known as Shark Binh), located on the 3rd floor of 18 Tam Trinh, a large number of police officers were on duty. In addition to law enforcement, some company employees were also present at the office.
Shark Binh
A police officer at the scene stated that the authorities are currently on duty and no information is available yet. Official details will be communicated to the press once available.
Previously, during a press conference held by the Ministry of Public Security on the afternoon of October 6th, a representative from Hanoi Police provided information regarding Mr. Nguyen Hoa Binh’s AntEx cryptocurrency project.
Colonel Nguyen Duc Long, Deputy Director of Hanoi Police, mentioned that recently, social media and several news outlets have reported cases of individuals losing money after participating in the AntEx cryptocurrency project.
Additionally, there have been mutual accusations between Mr. Nguyen Hoa Binh and the development team of this cryptocurrency, attracting attention on social media.
In response to these reports, the Investigation Agency of the Ministry of Public Security and Hanoi Police have launched an investigation. Initially, the investigation agency received a complaint from an individual, alleging a loss of approximately 2,000 USD.
“Hanoi Police affirm that all complaints will be received, processed, and resolved in accordance with the law, with no exceptions or restrictions during the handling process,” Colonel Nguyen Duc Long emphasized at the press conference.
Mr. Nguyen Hoa Binh (born in 1981), commonly known as Shark Binh, is the Chairman of NextTech Group – a prominent figure in Vietnam’s technology and startup community.
Shark Binh’s fan page sparked controversy online when discussing cryptocurrency projects. According to him, numerous startups have issued tokens, raised millions of dollars, and then disappeared, causing significant losses for investors. He also admitted to having learned “expensive lessons” with digital currencies since 2017.
In 2021, through the Next100Blockchain fund, he invested 2.5 million USD in AntEx – a highly publicized DeFi project. However, shortly after, the AntEx token lost 99% of its value, and the project’s website and communication channels vanished. By 2023, the project was rebranded as Rabbit (RAB) at a rate of 1,000 ANTEX = 1 RAB, but the new token also plummeted by 95% from its peak, resulting in near-total losses. Mr. Binh considers this a cautionary tale for small and medium-sized enterprises.
On his fan page, Shark Binh accused the project’s CTO of conducting a “rug pull,” engaging in fraudulent activities, and betraying investors, which unfairly tarnished his reputation for years. He mentioned attempting to report this individual to the authorities but faced challenges due to a lack of evidence and legal grounds, stating, “I’ve consulted multiple legal entities, but it’s risky without proof or legal basis. Whether I succeed or not depends on their goodwill.”
Regarding the AntEx project, numerous individuals on social media claim to be victims of fraud after investing in the project and have filed complaints with the authorities, awaiting resolution.
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After more than a day of operations at the building housing the headquarters of Mr. Nguyen Hoa Binh (also known as Shark Binh), police sealed and transported numerous boxes into vehicles, departing the premises on the evening of October 7th.
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In 2021, Shark Bình announced a $2.5 million investment in the AntEx project through the Next100Blockchain fund, while also serving as a strategic advisor. Currently, law enforcement authorities have received and are processing a complaint related to Shark Bình and this cryptocurrency project.
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