According to VnExpress and Thanh Nien newspaper, on October 14, Hanoi Police issued a decision to prosecute the case, prosecute the defendant, and issue an arrest warrant for Mr. Nguyen Hoa Binh (aka Shark Binh, 44 years old, from Hanoi). He is alleged to be involved in violations at Nexttech Group Joint Stock Company, where he serves as Chairman of the Board of Directors, and several related companies.
Previously, at the press conference announcing the results of the police’s work in the third quarter of 2025, held on the afternoon of October 6, 2025, Senior Colonel Nguyen Duc Long, Deputy Director of Hanoi Police, provided information regarding suspicions surrounding the AntEx cryptocurrency project.
Specifically, Senior Colonel Nguyen Duc Long stated that as soon as social media and press reports emerged about individuals losing money due to their involvement in the AntEx cryptocurrency project, and allegations between Shark Binh and the AntEx development team caused a stir on social media, Hanoi Police directed specialized units to monitor the situation and verify the information reported by the press and social media to take strict legal action.
Upon review, the Department of Cyber Security and High-Tech Crime Prevention, Hanoi Police, received a complaint from an individual who reported losing tens of millions of VND after participating in the AntEx cryptocurrency project. The case has been assigned for verification and resolution in accordance with the law.
On the same evening, police forces appeared at 18 Tam Trinh Street, Hanoi, believed to be the headquarters of NextTech Group, chaired by Shark Binh.
Subsequently, on October 7, 2025, the Investigative Police Agency of Hanoi Police summoned Shark Binh for questioning to verify the contents of the complaint regarding the AntEx cryptocurrency project.
The AntEx cryptocurrency project was launched in September 2021 and was introduced as a decentralized financial ecosystem (DeFi), aiming to build a decentralized exchange, digital wallet, and various digital financial applications.
Shark Binh announced an investment of $2.5 million in the AntEx blockchain project through the Next100Blockchain fund and served as a strategic advisor.
However, shortly after, the AntEx token plummeted, losing 99% of its value, and the project’s official website and social media channels ceased operations.
By March 2023, AntEx rebranded to Rabbit (RAB), but the new token also experienced a sharp decline, losing approximately 95% of its value from its peak.
The NextTech Ecosystem Under Shark Bình: Multiple Entities Cease Operations, Including Startup Fastgo
NextTech Group currently invests in over 20 companies across four core sectors: financial technology (fintech), e-commerce, digital logistics, and education—social media—insurance.
The Ongoing Controversies Surrounding Vietnam’s Shark Tank ‘Sharks’
From the AntEx cryptocurrency project linked to Shark Bình, to the fraud case involving Shark Thủy, and the tax scandal surrounding Shark Tam, the controversies involving the “sharks” of Shark Tank Vietnam have been making headlines recently.
Deputy Prime Minister: Following Airports and Seaports, Private Sector to Undertake Major High-Tech Infrastructure Projects
Following the issuance of the Resolution on private economic development, significant projects—including airports, seaports, and highways—have been entrusted to private enterprises, as noted by Deputy Prime Minister Nguyễn Hòa Bình. Moving forward, the Government will continue to assign this sector more large-scale, technologically advanced projects.
Shark Bình’s Philosophy: “Do No Harm”
Shark Bình firmly believes in the principle of “never taking anything without giving something in return.”
Before the AntEx Crypto Scandal: Shark Bình’s Nexttech Group Abruptly Slashed Capital from $21.5M to $170K; Ngân Lượng Also Cut 85% of Its Capital
Nexttech’s shareholder structure is dominated by Shark Bình, who holds a 70% stake, with the remaining shares distributed among two other investors.
