AntEx cryptocurrency crash related to Shark Binh: Reasons why assets evaporated 99%

In recent days, the Vietnamese cryptocurrency community has been stirred up by the incident involving Mr. Nguyen Hoa Binh (Shark Binh) - Chairman of NextTech - and the AntEx cryptocurrency project, the name that "made waves" during the crypto market growth period in 2021.

Shark Binh once announced an investment of 2.5 million USD in the AntEx blockchain project through the Next100Blockchain fund, while also holding the role of strategic advisor.

AntEx was introduced as a decentralized financial ecosystem (DeFi) with the ambition to develop stablecoin VNDT, attracting the attention of the domestic investment community, although at that time, crypto assets did not have a legal basis in Vietnam.

Shortly after, the AntEx token plummeted and lost 99% of its value. The project's official website and social media channels also stopped working.

In March 2023, AntEx suddenly changed its name to Rabbit (RAB), but the new token also continued to fall sharply, losing about 95% of its value compared to its peak.

After a long period of silence, on September 24, Mr. Binh suddenly commented on the AntEx project. He said that many startups today issue coins just to raise capital early. "They launch coins, collect 3-5 million USD, then start to "fail". Most projects do not continue or fail, 99% of coins fall into this situation. Investors lose money while project owners keep the money and benefit legally" - Shark Binh said.

Mr. Binh also admitted that he had invested in the AntEx digital asset issuance project. However, the technology team committed wrongdoings and then disappeared, causing investors and advisors like him to be discredited.

A wave of controversy broke out when Shark Binh frankly warned: "Don't get too caught up in blockchain, Fintech, coins...". The online community was "stirred up" because previously, this "shark" had participated in investing in the development of the AntEX digital asset project.

On September 26, Shark Binh livestreamed an exchange on his personal Fanpage on the topic: "Crypto Assets - Opportunities and Risks". During the livestream, the Chairman of NextTech shared his views and opinions on the digital asset market.

Afterwards, an anonymous account posted a rebuttal to Shark Binh's statements, asserting that the Chairman of NextTech was the one behind AntEX's collapse, benefiting financially but claiming he was deceived.

On his personal Facebook page with a blue tick, Mr. Binh affirmed that his purpose is to "bring the traitors hiding in the dark" into the light.

However, an investor has reported to Hanoi City Police about suspicions related to the AntEx project.

On October 7, according to a source from the Nguoi Lao Dong Newspaper, the Hanoi City Police Investigation Agency invited Mr. Nguyen Hoa Binh to work to verify the contents of the accusation.

Source: https://nld.com.vn/cu-sap-cua-tien-so-antex-lien-quan-shark-binh-ly-do-tai-san-boc-hoi-99-196251007173029679.htm