Nearly a week after Nguyen Hoa Binh (aka Shark Binh, born in 1981) was arrested and detained on charges related to the Antex digital currency project, the case continues to draw significant public attention.
According to the investigation results released by Hanoi Police, aside from his involvement in the Antex project, Mr. Binh also directed the expansion of his ecosystem into real estate through the establishment of NextLand Real Estate Business Joint Stock Company.
Following its establishment, Mr. Binh appointed Doan Van Tuan and Nguyen Ha Thuy as the company’s directors and legal representatives.
Simultaneously, Mr. Binh assigned Nguyen Thi Thanh Huong, Tran Thi Thuy Van, Nguyen Ha Thuy, and Doan Van Tuan to use two separate accounting systems to track the company’s financial activities.
He instructed employees to reduce profits and conceal revenue by manipulating sales values on customer contracts (while actual sales and revenue were tracked internally), causing substantial losses to the state budget.
According to the National Business Registration Portal, NextLand Real Estate Investment and Business Joint Stock Company was established in February 2021. Notably, its headquarters address matches that of NextTech, located at VTC Online Building, 18 Tam Trinh Street, Hanoi.
The company’s primary business is real estate trading, including land use rights owned, leased, or rented.
At its inception, NextLand had a registered capital of 20 billion VND, with three founding shareholders: Doan Van Tuan (40%), Le Thi Quyen (36%), and Nguyen Ha Thuy (24%).
Initially, Mr. Nguyen Hoa Binh served as both Director and legal representative. By March 2022, this role was transferred to Mr. Doan Van Tuan (born in 1992).
In 2022, NextLand increased its capital twice, raising its registered capital to 150 billion VND. However, by December 2024, the capital was reduced to 142 billion VND, and the position of Director and legal representative was transferred to Nguyen Ha Thuy. Mid-year, the company further reduced its capital to 86 billion VND.
By September 2025, just one month before Shark Binh’s arrest, NextLand’s capital was reduced again to 73 billion VND.
Currently, Dao Manh Dung (born in 1986) serves as Chairman of the Board and CEO of NextLand. Since April 2024, he has also been the legal representative and CEO of NextTech.
Dao Manh Dung is also associated with several other companies within the NextTech ecosystem. Specifically, he is the legal representative of Phuc An Hai Investment Company and has previously served as the legal representative for now-dissolved or suspended companies such as Univest Financial Technology JSC, MD Management Services LLC, NextFin Investment JSC, and Love Nest Vietnam Pharmaceutical and Cosmetic Trading JSC.
Hanoi Police’s Investigation Agency has seized and frozen assets belonging to Shark Binh and his accomplices, totaling approximately 900 billion VND. This includes 597 gold bars, foreign currency, 18 land titles, 2 cars, and various documents, electronic devices, and related evidence. The investigation is ongoing.
Shark Binh’s arrest sent shockwaves through the community. Known as a “tech shark,” he rose from an IT background, starting with just a few million VND to lead a major technology conglomerate in Vietnam.
The NextTech ecosystem associated with Shark Binh extends beyond e-commerce and fintech, encompassing logistics, proptech, and education.
Additionally, Shark Binh previously served as the legal representative for numerous companies established between 2012 and 2020, operating in technology, e-commerce, and logistics. These include Taxially Vietnam, WeShip Vietnam, Shippchung Vietnam E-commerce, and Hoa Binh Technology Solutions. However, according to business registration data, most of these companies have ceased operations or been dissolved.
The Shark Binh Incident: Unraveling AntEx and the Blind Rush to Convert Real Money into Virtual Currency
From a celebrated startup icon, Nguyen Hoa Binh (Shark Binh) has become the central figure in the largest digital currency scandal in history. As Vietnamese law grapples with defining “digital assets,” the AntEx case, facilitated through the Next100Blockchain fund, reveals a sophisticated scheme behind grandiose media campaigns, exploiting investor trust for personal gain.
The Full Story Behind the AntEx Crypto Project Scandal Leading to Shark Bình’s Arrest
According to Hanoi City Police, Mr. Nguyen Hoa Binh (Shark Binh) has been prosecuted and detained on charges of fraud and appropriation of property related to the AntEx digital currency project.
What Was Shark Bình Plotting Before His Arrest by Reviving the Digital Currency Scandal Online?
From the “shark” sensation on television, Shark Bình has become the focal point of a cryptocurrency fraud case in Vietnam. Prior to his arrest, Bình himself took to social media, claiming to be a “victim” after investing in the AntEx cryptocurrency project. The public is now left wondering: what is this ‘shark’ truly scheming?
Portrait of the Successor to Shark Bình as CEO of NextTech Group
There has been a significant shift in leadership.
Unveiling the Scheme: How Shark Bình and Accomplices Defrauded 30,000 Investors
From August 2021 to November 2021, the perpetrators issued and sold 33.2 billion “AntEx tokens” to approximately 30,000 investors across various exchanges, accumulating 4.5 million USDT (a cryptocurrency pegged 1:1 to the US Dollar) in their exchange wallets. This equates to roughly $4.5 million USD, or approximately 117 billion Vietnamese Dong.
