Shark Bình Faces Crypto AntEx Drama
New Wave Of Allegations Related To AntEx
On September 29, Nguyen Hoa Binh (widely known as Shark Bình) issued a strong response after an anonymous social media post accused him of being involved in the collapse of the AntEx blockchain project. On his verified Facebook page, he claimed he had been “betrayed” and pointed to a former partner who once held the role of CTO in the project as the person behind the accusations.
Shark Bình’s Response
According to Shark Bình, when AntEx was launched, he gave full technical authority to an employee he had previously supported. However, this individual allegedly gained control over all the keys, code, and blockchain wallets, before disappearing. Shark Bình accused this former colleague of manipulating the system, creating backdoors, and causing serious issues such as wallet hacks and token dumping.
He also stated that shareholders had submitted complaints to the police, but the case was not pursued for three main reasons: cryptocurrency is not yet legally recognized in Vietnam, digital evidence is often deleted or inconclusive, and crypto wallets maintain high levels of anonymity.
Financial Management Disputes
In contrast, the anonymous post—believed to be from the former partner—claimed that Shark Bình himself held the “master wallet keys” and directly controlled 4.5 million USDT raised after the project’s funding round. The post also alleged that the token dump following the OKEX listing was directed by Shark Bình, while questioning the whereabouts of the initial $2.5 million investment he announced.
AntEx – From Ambition To Collapse
In 2021, Shark Bình announced a $2.5 million investment into AntEx through the Next100 Blockchain fund and acted as a strategic advisor. The project was promoted as a DeFi ecosystem with plans to develop the VNDT stablecoin. However, the ANTEX token lost 99% of its value, and the project’s website along with its official communication channels disappeared. By 2023, AntEx had rebranded to Rabbit (RAB), but the new token also dropped more than 95% from its peak.
Lessons For Investors
The controversy surrounding AntEx once again underscores the risks of blockchain and crypto projects in Vietnam, where many early-stage ventures quickly spiral into collapse. A ChainPlay report at the end of 2024 revealed that 93% of GameFi projects were classified as “dead,” with tokens losing more than 90% of their value and daily active users dropping below 100.
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.