On October 14th, Hanoi City Police announced details regarding a case involving Mr. Nguyen Hoa Binh, 44, Chairman of NextTech Group.
According to Tien Phong newspaper, Mr. Binh faces charges of fraud related to the AntEx cryptocurrency project. Nine other individuals were also charged with fraud and accounting violations.
Investigators allege Mr. Binh and accomplices conspired to raise funds for the AntEx token, promising its use in developing the VNDT digital currency and wallet.
The group initially invested 5 billion VND (approximately $210,000 USD) in AntEx, with Mr. Binh contributing 2 billion VND.
Their plan involved issuing 100 billion AntEx tokens for public sale. Between August and November 2021, they sold 33.2 billion tokens to approximately 30,000 investors, raising 4.5 million USDT (roughly $4.5 million USD or 117 billion VND).
From November to December 2021, Mr. Binh leveraged his influence to promote the “Next100 Blockchain” fund, pledging $50 million USD over 10 years to bolster AntEx’s credibility and prevent a token sell-off.
Despite project delays, Mr. Binh and NextTech shareholders withdrew funds from the AntEx wallet, converting them to VND for personal gain and misusing investor funds within the NextTech ecosystem.
Authorities determined that Mr. Binh and his associates siphoned funds from 30,000 investor wallets, embezzling a substantial amount.
Police have seized assets valued at approximately 900 billion VND, including gold, US dollars, real estate, vehicles, and electronic devices. The accused have repaid 3.45 billion VND.
How Shark Bình Scammed Crypto Investors to Steal a Massive Fortune
Prominent entrepreneur Nguyen Hoa Binh, widely known as Shark Binh, has been arrested and charged with disseminating false information online to solicit investments in digital currencies.
Unveiling the Truth: Hanoi Police Investigate Shark Binh’s Ngan Luong Payment Gateway Operations
In the case involving NextTech Group Joint Stock Company, chaired by Mr. Nguyen Hoa Binh (Shark Binh), the Hanoi Police Investigation Agency is expanding its investigation to verify and clarify the activities of the Ngan Luong payment gateway.
Shark Bình Arrested
Renowned entrepreneur and investor, Mr. Nguyen Hoa Binh, widely known as Shark Binh, has been charged with fraud and embezzlement, along with violations of accounting regulations resulting in severe consequences.
Who Falls Victim to Shark Binh’s Tactics?
The Hanoi City Police Investigation Agency has seized and frozen assets totaling approximately VND 900 billion, including 597 gold bars, US dollars, 18 land-use right certificates, 2 cars, and various documents from the suspects.
Shark Binh’s Image Tarnished by Temporary Detention
Police have confirmed that Shark Binh and the founding shareholders withdrew funds from approximately 30,000 investor wallets, embezzling an exceptionally large sum of money.
