The midday livestream on October 6th, titled “Leadership Mindset in Turbulent Times”, featured Mr. Nguyen Hoa Binh (aka Shark Binh) and garnered significant attention, particularly amidst the controversy surrounding his AntEx digital currency project. During the session, Shark Binh reflected extensively on his 24-year entrepreneurial journey, marked by numerous challenges, and candidly described his life as “filled with failures.”
In the livestream, Shark Binh openly addressed how he confronts setbacks, revealing he’s faced near-bankruptcy “5 to 6 times” over two decades in business. He described himself as “naive when starting out, armed only with a pure heart and integrity”, but credited these “falls for forging his resilience.”
The most painful failure he shared was the story of chodientu.vn, Vietnam’s first e-commerce platform. By 2013, it couldn’t compete with foreign giants backed by vastly superior capital. He recounted the devastating moment investors withdrew support and demanded their remaining funds.
Shark Binh admitted, “From 2004 to 2013, I relied on ‘mother’s milk’—investor goodwill.” This failure forced him to rebuild from scratch, ultimately creating a startup that endures today.
Shark Binh revealed during the livestream he’s faced near-bankruptcy “5 to 6 times”.
When at his lowest, Shark Binh’s first step is always to “stay calm and rest.” He then reassesses fundamentals: “Is my business still relevant? Should I pause or wait for the right moment?” He stresses reevaluating strategy, expertise, and core capabilities. His advice: “Stay rational, avoid greed. Logic and resilience will guide your actions.”
Shark Binh emphasizes: “After each failure, identify what assets and values remain to rebuild.”
Regarding the AntEx controversy, on October 6th, Hanoi Police addressed concerns about Shark Binh’s digital currency project during the Q3-2025 press briefing.
Authorities confirmed receiving media and individual reports about AntEx investments. The Cybercrime Division and Criminal Police Department are investigating. One investor from Ninh Binh Province has filed an official complaint, claiming a $2,000 loss (approximately 47 million VND). Hanoi Police will continue investigating.
Revisiting the AntEx Crypto Project Controversy and Shark Bình’s Statements
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.
Today’s Crypto Market Update: Shark Bình Faces Bad News Post-Livestream
Experts predict that if Bitcoin surpasses the $125,000 threshold, its price could potentially climb to around $145,000 by the end of this year.
Shark Bình’s Livestream Recap: Overcoming 5-6 Near-Bankruptcy Experiences, Audience Hidden, Comments Locked
Some viewers have reported that their comments are being hidden or locked, despite not violating any guidelines or mentioning topics related to coins, cryptocurrencies, or the AntEx digital currency project—subjects that Shark Bình has previously advised against discussing during livestreams.
Investors Report Cryptocurrency Project Involving Shark Binh to Authorities
Several AntEx cryptocurrency investors have filed reports with the Hanoi Police, raising concerns over alleged irregularities within the project.
“Staying Local: Shark Phi Vân’s 3 Essential Lessons for Franchise Success”
In the latest episode of Shark Tank, Shark Nguyen Phi Van, a franchise expert, shared her insights on three key factors that contribute to the success of Vietnamese startups in the franchise business model. With her wealth of experience, Shark Van dived into the strategies that aspiring entrepreneurs can implement to make their mark in this exciting industry.
