ChainTracer Tech Helps Police Crack Shark Bình’s Crypto Case
ChainTracer Tech Helps Police Crack Shark Bình’s Crypto Fraud Case
Vietnam’s Blockchain Forensics Platform Tracks AntEx Transactions After 3 Years
ChainTracer, a blockchain transaction tracing platform developed by the Vietnam Blockchain and Digital Asset Association (VBA), has once again cooperated with law enforcement in investigating the AntEx case involving Nguyễn Hòa Bình (Shark Bình) and nine accomplices.
At a press conference on October 14, 2025, chaired by Major General Dương Đức Hải, Deputy Director of the Hanoi Police Department, authorities announced that they had officially prosecuted the AntEx case — one of Vietnam’s largest crypto fraud investigations to date, with over 30,000 victims.
Tracing Blockchain Transactions Accurately After Three Years
Between August and November 2021, the suspects issued and sold 33.2 billion AntEx tokens, collecting about 4.5 million USDT (≈117 billion VND) from investors.
Using advanced on-chain analysis, ChainTracer helped investigators model and visualize the entire flow of funds, identifying token movements between wallets, exchanges, and linked addresses.
Mr. Trần Huyền Dinh, Head of the ChainTracer Project and Chairman of the VBA Fintech Committee, revealed that the team used the latest blockchain forensic tools to cluster suspicious wallets and worked with both local and international exchanges to match KYC/KYB data, exposing the individuals involved.
Blockchain’s Transparency Makes Crime Tracing Easier
According to Mr. Dinh, the immutable and transparent nature of blockchain was key to tracing all AntEx-related transactions, even though the fraud took place more than three years ago.
Unlike traditional scams, where financial evidence can be erased or hidden, blockchain ensures every transaction remains permanently recorded.
However, the investigation also faced obstacles due to limited cooperation from some overseas exchanges. Platforms such as Gate and MEXC reportedly failed to respond promptly to official requests, making it more difficult to identify the ultimate beneficiaries.
Investor Warning: Beware of Unrealistic High-Yield Projects
Mr. Dinh warned that crypto fraud schemes are becoming increasingly sophisticated, often disguised as investment funds or DeFi platforms promising high returns. He urged investors to verify project transparency, seek validation from credible organizations, and avoid investing blindly.
He also emphasized that new legal frameworks such as the Digital Industry Law and Resolution No. 05/2025/NQ-CP will help make Vietnam’s digital asset market safer and more transparent, strengthening investor protection.
ChainTracer – Vietnam’s “Weapon” Against Crypto Crime
So far, ChainTracer has assisted in 65 blockchain investigation cases, with total damages estimated at over 10 million USD.
Most recently, it helped law enforcement dismantle the WorldMall.app (WM) crypto scam, which defrauded thousands of Vietnamese investors.
The success of ChainTracer underscores Vietnam’s growing technological capability and highlights the crucial role of homegrown blockchain analytics in combating global crypto-related crime.
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.