The Investigation Police Agency, Hanoi City Police, recently issued a decision to prosecute and temporarily detain Mr. Nguyen Hoa Binh (Shark Binh) - Chairman of the Board of Directors of NextTech Group, to investigate the acts of "Fraudulent appropriation of property" and "Violation of accounting regulations causing serious consequences".
Nine other defendants were also prosecuted, including Dao Minh Phu, Nguyen Huu Tuat, Mai Thai Ha, Tran Trung Hieu, Le Van Luong, Doan Van Tuan, Nguyen Ha Thuy, Tran Thi Thuy Van and Nguyen Thi Thanh Huong.
Most of them are former leaders, key personnel or have had business cooperation relationships with Shark Binh and the NextTech ecosystem.
Among them, Mr. Dao Minh Phu (born in 1980) is a notable figure. He held the position of General Director of NextTech during the period 2022-2024, this was the period when this enterprise had many fluctuations in scale and capital.
Mr. Dao Minh Phu in the list of advisors of AntEx. (Photo: AntEx).
Specifically, Mr. Phu became a shareholder of NextTech in December 2020 when he contributed 100 billion VND (equivalent to 20% of capital). In addition to Mr. Phu, at that time, Shark Binh contributed 350 billion VND (70% of capital), Mr. Nguyen Huy Hoang contributed 50 billion VND (10%). At this time, NextTech increased its capital 5 times, to 500 billion VND.
By December 2022, the positions of Chairman of the Board of Directors, General Director and Legal Representative of NextTech were transferred from Shark Binh to Mr. Dao Minh Phu. Mr. Phu held this position for nearly 2 years.
During that time, NextTech continuously experienced many fluctuations in capital and personnel. In October 2023, NextTech made an unusual move: Charter capital decreased sharply from 500 billion to more than 4.2 billion VND and Mr. Phu also withdrew from the list of shareholders.
The title of General Director and Legal Representative of the company was transferred from Mr. Dao Minh Phu to Mr. Dao Manh Dung from April 2024. According to information from the NextTech Group website, Mr. Dao Minh Phu was introduced as a senior advisor. Mr. Phu was also introduced as an advisor to the AntEx cryptocurrency project.
Former NextTech CEO is also known as a professional poker player (Photo: Screenshot).
Notably, in addition to his business career, Mr. Dao Minh Phu is also known as a professional poker player. He has participated in many tournaments at home and abroad and achieved high rankings in tournaments under the Asian Poker Tour (APT) system.
At the Triton Super High Roller Series $50,000 NLH 8-Handed 2023 tournament held in the old Quang Nam , Mr. Dao Minh Phu won the championship and brought home 1.67 million USD (nearly 40 billion VND) after surpassing many of the world's top players.
The AntEx cryptocurrency project launched in September 2021, introduced as a decentralized financial ecosystem (DeFi) with the stablecoin VNDT "anchored" to the value of Vietnamese Dong. Stablecoin is a type of cryptocurrency that maintains its price by being tied to real assets.
Shark Binh attracted great attention when he announced a $2.5 million investment through the Next100 Blockchain fund, while also taking on the role of strategic advisor.
However, after listing, AntEx's token quickly lost 99% of its value, causing many investors to lose money. AntEx then had almost no activity and in March 2023 announced a name change to Rabbit (RAB), a move that was believed to erase the history of price declines, but the new token continued to plummet.
According to the investigation agency, at the end of 2021, Mr. Binh used his personal reputation to promote the project, pledging to invest 50 million USD to strengthen investors' confidence, avoiding a sell-off (causing a decrease in currency value) to withdraw capital.
However, the authorities accused the project of not following the roadmap, the founding team withdrew money from the general wallet, transferred it to personal wallets and companies in the NextTech ecosystem for misuse.
Source: https://dantri.com.vn/kinh-doanh/ong-dao-minh-phu-co-vai-tro-gi-trong-du-an-tien-so-antex-va-nexttech-20251015094032412.htm
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