Vietnam’s ‘Shark Tank’ Star Arrested Over AntEx Crypto Project Investigation
Hanoi police have arrested Nguyen Hoa Binh, higher generally known as Shark Binh, the chairman of NextTech Group and a widely known investor from Shark Tank Vietnam, as a part of an increasing investigation into the AntEx cryptocurrency venture.
Key Takeaways:
- Vietnam’s Shark Tank star Nguyen Hoa Binh has been arrested in reference to the AntEx crypto venture.
- Police have launched a multi-division investigation after investor complaints.
- Binh’s popularity has collapsed as his firm NextTech faces scrutiny and main monetary declines.
The metropolis’s Criminal Investigation Department confirmed on October 14 that it had initiated authorized proceedings and issued a short lived detention order following a number of complaints from buyers.
Vietnam Police Expand Probe into AntEx Crypto Project
Authorities mentioned AntEx, a crypto venture linked to Binh, is on the middle of the probe, with police divisions together with the Criminal Police, Economic Police, and Cybersecurity and High-Tech Crime Division deployed.
On October 6, a neighborhood investor reported dropping about $2,000 in AntEx, prompting a broader inquiry into potential fraud and different violations.
Police have known as on anybody with data to return ahead as they confirm the size of investor losses and the roles of these concerned.
The arrest shocked Vietnam’s know-how and startup group. Once hailed as a tech visionary, Binh constructed NextTech Group, a multi-sector conglomerate spanning fintech, e-commerce, logistics, and blockchain, from modest beginnings in 2001.
He grew to become a family title for his candid and sometimes blunt suggestions on Shark Tank Vietnam, incomes a popularity for phrases like “Please, don’t be high by yourself numbers” and “Without your ‘dragon vein,’ you’re grounded.”
NextTech, as soon as dubbed “Vietnam’s Alibaba,” reached a constitution capital of $20.4 million in 2020, with Binh holding a 70% stake.
Ngày 10/10, Cơ quan Cảnh sát điều tra Công an TP Hà Nội ra quyết định khởi tố vụ án, khởi tố bị can đối với Nguyễn Hòa Bình và 9 người khác về tội danh Lừa đảo chiếm đoạt tài sản quy định tại Điều 174 Bộ luật hình sự và tội danh Vi phạm quy định về… pic.twitter.com/VpCo9Al2AD
— Nông dân Crypto
(@nongdan_crypto_) October 14, 2025
However, filings present that by late 2023, its capital had dropped sharply to round $163,000, and a number of other of its subsidiaries, together with the cost platform Ngan Luong, reported important reductions.
AntEx positioned itself as a part of a decentralized finance (DeFi) ecosystem providing token-based monetary providers.
Binh was reportedly each an advisor and investor, however after the venture’s token worth crashed and its web site went offline, he claimed he had been misled. The AntEx group countered that Binh had performed a extra direct function than he acknowledged.
In a collection of posts earlier than his arrest, Binh warned of the dangers surrounding unregulated crypto initiatives, saying most lack sensible utility and are vulnerable to manipulation.
Tether Eyes Vietnam as Next Key Market
As reported, stablecoin issuer Tether is exploring partnerships with Vietnamese companies to increase crypto adoption within the nation.
Vice President Marco Dal Lago known as Vietnam considered one of Tether’s most “promising and strategic markets,” citing its youthful inhabitants, fast-growing economic system, and high remittance volumes as sturdy fundamentals for digital asset progress.
During a gathering with Deputy Prime Minister Ho Duc Phoc, Lago mentioned Tether is able to share its international experience in constructing authorized frameworks that assist sustainable crypto transactions and financial growth. The Deputy PM emphasised Vietnam’s ambition to create knowledgeable, well-regulated funding surroundings and entice worldwide capital.
Phoc confirmed that Vietnam has launched a five-year pilot program for crypto buying and selling, restricted to home corporations promoting tokens to overseas buyers. Authorities at the moment are reviewing functions and plan to license round 5 main buying and selling platforms, requiring every to take care of 10 trillion dong ($379 million) in capital.
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