Cryptocurrency market today, October 14: Latest developments related to Shark Binh's Antex project

(NLDO)- Many experts are concerned that Bitcoin price could fall to $100,000 or lower in the near future.

On the evening of October 14, the cryptocurrency market plummeted. Data from the OKX exchange showed that in the past 24 hours, the price of Bitcoin (BTC) decreased by more than 3% to 110,700 USD.

The altcoin group is also not out of the strong downward trend, such as Ethereum (ETH) lost more than 4%, to 3,940 USD; BNB decreased nearly 10%, to 1,160 USD; XRP decreased more than 6%, to 2.4 USD; Solana (SOL) decreased slightly with 1%, to 193 USD.

According to CoinDesk, the Bitcoin market just experienced a sharp decline last week, marking the third time the price could not maintain above the important threshold from the 2017 and 2021 peaks.

This consecutive failure raises concerns that Bitcoin price could fall to $100,000 or lower in the near future.

Bitcoin is trading in the $110,700 region. Source: OKX

Shark Binh was prosecuted

On October 14, Hanoi City Police informed about the case related to violations that occurred at NextTech Group Joint Stock Company, chaired by businessman Nguyen Hoa Binh (aka Shark Binh), and a number of related companies.

Accordingly, during the investigation, the City Police Investigation Agency decided to prosecute the case, prosecute the accused, and temporarily detain Shark Binh and 9 others for the crimes of Fraudulent appropriation of property and Violation of accounting regulations causing serious consequences.

According to the accusation, from November 2021 to December 2021, Nguyen Hoa Binh used his reputation and influence to post information on social networks about the launch of the "Next100 Blockchain" Investment Fund. In addition, he committed to investing in digital currency projects with a total capital of 50 million USD in 10 years to promote the Antex digital currency to strengthen investors' confidence, avoiding the situation of dumping Antex coins (causing a decrease in the value of the currency) to withdraw capital from the project.

Although the project was not implemented as scheduled, Nguyen Hoa Binh and the shareholders of NextTech Company agreed to withdraw money from the general wallet of the Antex project, transfer it to the e-wallets of some individuals in the project, then sell it and convert it to VND to share.

In addition, it also transferred to companies in the NextTech Company ecosystem to misuse investors' money.

So far, the Investigation Agency has determined that Nguyen Hoa Binh and the founding shareholders have withdrawn money from about 30,000 investors' wallets, appropriating an exceptionally large amount of money from investors.

On the same day, right after that, Hoi Tuesday.danglonbank.vn, the group of authors who recently accused Mr. Binh of being the one behind the AntEx collapse, just published a new article after many days of silence.

Specifically, this group posted: "Hello everyone, I'm leaving now. Sorry everyone. Hope you get your money back soon. Goodbye." Attached is a picture of Mr. Nguyen Hoa Binh (Shark Binh) and some related people working with the authorities.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-14-10-dien-bien-moi-nhat-lien-quan-du-an-antex-cua-shark-binh-196251014204840493.htm