Shark Bình and 9 other individuals involved in the "Antex digital currency" project have been indicted.

On the afternoon of October 14th, presiding over a press briefing on several typical cases and incidents in Hanoi, the Hanoi City Police announced: Following the collection of information and monitoring of online activities regarding suspected fraud and misappropriation of assets related to the "Antex digital currency" project of Mr. Nguyen Hoa Binh (also known as "Shark Binh"), the Director of the Hanoi City Police immediately directed the Economic Police Department to coordinate with relevant units to apply comprehensive measures to focus on gathering information, verifying, and clarifying the aforementioned allegations.

Based on the documents and evidence collected during the investigation, it has been initially determined that Nexttech Group Joint Stock Company (address: 3rd Floor, VTC Online Building, No. 18, Tam Trinh Street, Tuong Mai Ward, Hanoi) is chaired by Nguyen Hoa Binh (born in 1981; residing at: A30 Sunshine City, Ciputra Urban Area, Phu Thuong Ward, Hanoi).

Around May 2021, Nguyen Hoa Binh, along with several individuals possessing expertise and knowledge of cryptocurrencies (a type of secure data chain built on a blockchain platform), agreed to pool funds to build and develop the "Antex cryptocurrency" project (stored on the Binance e-wallet) with the aim of selling Antex cryptocurrency and soliciting investors to purchase it, thereby raising capital to build the "VNDT cryptocurrency" project and the "VNDT e-wallet" software (used to store VNDT cryptocurrency) in the future (in reality, the individuals had not yet completed the development of the VNDT cryptocurrency project).

The parties unanimously agreed to invest a total of 5 billion VND in the Antex cryptocurrency project, according to the agreed-upon structure (with Binh contributing 2 billion VND).

Nguyen Hoa Binh directed the establishment of the legal entity Vietnam Blockchain Technology Services Joint Stock Company. The initial capital contribution was transferred to the company's account to maintain the operation of the Antex cryptocurrency project, such as: paying salaries to employees and the technical team developing the project, and purchasing servers to provide internet services for the project.

During the project development process, the parties involved held meetings to announce the policy for developing cryptocurrency projects; in which, they planned to sell a total of 100 billion "Antex digital currency" (referred to as 100 billion tokens) to the market.

From August 2021 to November 2021, the perpetrators issued and sold 33.2 billion tokens to approximately 30,000 investors on exchanges, collecting 4.5 million USDT in their e-wallets on the exchanges (USDT is a digital currency, equivalent to 4.5 million USD - US dollars, or approximately 117 billion VND).

From November 2021 to December 2021, Nguyen Hoa Binh used his reputation and influence to post information on social media about the launch of the "Next100 Blockchain" investment fund and committed to investing in cryptocurrency projects with a total capital of $50 million over 10 years, aiming to promote the Antex cryptocurrency and strengthen investor confidence, preventing a sell-off of Antex (causing a drop in the currency's value) to withdraw capital from the project.

Although the project was not implemented according to the planned schedule, Nguyen Hoa Binh and the shareholders of Nexttech Company agreed to withdraw money from the Antex Project's master wallet, transfer it to the e-wallets of several individuals within the project, and then sell it for VND to share among themselves. In addition, they transferred the money to companies within Nexttech's ecosystem for improper use by investors. To date, it has been determined that Nguyen Hoa Binh and the founding shareholders withdrew money from 30,000 investor wallets, embezzling a particularly large sum from investors.

The Hanoi City Police Investigation Agency has temporarily seized and frozen money, securities accounts, and assets of the suspects totaling approximately 900 billion VND, including 597 gold bars, US dollars, 18 land ownership certificates, 2 cars, etc.; and confiscated numerous documents, records, books, electronic equipment, and related devices. To date, the suspects have only repaid 3.45 billion VND.

Continuing the investigation, Hanoi City Police discovered that in 2022, Nguyen Hoa Binh directed the establishment of Nextland Real Estate Business Joint Stock Company. He then appointed Doan Van Tuan and Nguyen Ha Thuy as directors and legal representatives of the company; and assigned Nguyen Thi Thanh Huong, Tran Thi Thuy Van, Nguyen Ha Thuy, and Doan Van Tuan to use two accounting systems to monitor the company's financial activities. Binh instructed employees to reduce profits and conceal revenue by lowering the sales value on purchase contracts with customers (the actual selling price and revenue were tracked in the internal accounting books), causing exceptionally large losses to the state budget.

Based on the investigation documents, on October 10, 2025, the Investigation Police Department of Hanoi City Police issued a decision to initiate criminal proceedings and indict Nguyen Hoa Binh (Shark Binh) and nine other individuals for the crime of Fraudulent Appropriation of Property as stipulated in Article 174 of the Penal Code and the crime of Violating Accounting Regulations Causing Serious Consequences as stipulated in Article 221 of the Penal Code.

Currently, the Hanoi City Police are continuing to expand their investigation to clarify violations and irregularities related to member companies within the Nexttech group's ecosystem. The Hanoi City Police request that victims of this case contact and report to the Economic Police Department, Hanoi City Police (address: 382 Kham Thien Street, Van Mieu - Quoc Tu Giam Ward, Hanoi; Investigator: Bui Duc Hieu, phone number: 0983.794.570).