Once expected to be a big step forward for Vietnamese blockchain technology, AntEX – a project once associated with the name of businessman Nguyen Hoa Binh (Shark Binh) – has now become the center of long-standing controversy. After 4 years of silence, when Shark spoke up to claim to be a "victim", public opinion once again raised a wave of skepticism and strong opposition.
The story became more complicated when a supposed “insider” appeared, revealing completely contradictory information. To better understand the nature of the incident, let’s look back at the main milestones that created AntEX’s “controversial journey” – from its launch, decline, name change, to the current media confrontation.
2021: AntEX launched – Ambition "Vietnamese blockchain for Vietnamese people"
AntEX was born in the midst of the global DeFi (decentralized finance) boom. Introduced as a comprehensive blockchain ecosystem , AntEX carries many expectations when integrating stablecoin VNDT (Peg to VND), e-wallet, payment gateway and launchpad for startups.
The project quickly attracted attention when it received an investment of 2.5 million USD from the Next100 Blockchain fund - part of Shark Binh 's NextTech group. Not only contributing Capital, he also took on the Vai of strategic advisor , appearing continuously in media events, emphasizing the long-term vision and opportunities to reach the regional level.
The ANTEX Token reached $0.0025 at one point, before starting to plummet . Warnings about “pump and Dump” and price manipulation appeared more and more, but Shark Binh at that time still spoke up to defend the project, affirming: “This is a long-term game.”
2022: The Silence Begins – Prices Fall, Trust Breaks
Less than a year later, the ANTEX Token lost more than 90% of its value , especially for those who participated from the IDO round at a price of $0.026.
Many investors reported being unable to withdraw funds and being blocked from the support team when asking questions. The development team’s explanations – that “ Token price is not a priority at this time” – no longer convinced the increasingly Capital community.
AntEX, from an expected name, started to slide into obscurity.
2023: Rabbit appears – A “whitewash” on blockchain?
In March 2023, AntEX suddenly changed its name to Rabbit (RAB) with a controversial conversion rate: 1,000 ANTEX = 1 RAB .
The community was in an uproar. Many people thought that this was a “price history reset” trick, erasing signs of collapse and starting over. At the same time, key products such as VNDT wallet, launchpad… also disappeared one after another.
The connection between AntEX/Rabbit and the NextTech ecosystem also ended without explanation . Official communication channels disappeared, roadmap was deleted, website domain name was sold. The project seemed to evaporate from the digital space .
2024–2025: Token "evaporate", investors lose everything
By 2025, the RAB Token is worth around $0.003 , down 95% from its peak. Liquidation is almost zero, the community is broken, and the project no longer exists on mainstream platforms.
AntEX/Rabbit became a classic case study for the "pump & dump" model in the cryptocurrency investment world — especially when associated with a familiar face in the startup and television world: Shark Binh .
September 2025: Shark Binh breaks his silence – Claims innocence but is “exposed” in return
After four years of silence, Shark Binh suddenly appeared at the Go Global 2025 Conference organized by the 2030 Entrepreneurs Club. In a video posted on his personal page, he admitted for the first time that he had invested in AntEX, calling it an “expensive lesson” and asserting:
“99% of coin projects fail. I am also a victim. The technical team made mistakes and ran away, causing me and the investors to be infamous.”
He advised small and medium-sized enterprises “not to get caught up in coins”, because most of them are just “pre- Capital ” and lack real value.
It seemed like this would be a wake-up call to help him regain his image, but the effect was completely opposite . The post quickly became the focus of criticism: many people recalled that Shark Binh had appeared as the "sponsor" of AntEX, had called for investment loudly but remained silent when the project collapsed.
And then, the “twist” happened : an account claiming to be a younger brother and former developer of AntEX posted a counter-accusation, claiming that Shark Binh was not innocent. According to this person, Shark Binh not only contributed Capital but also directly operated , controlled the cash flow, put his confidants in financial positions, and even directed the “ Token Dump ” that caused the price to collapse.
“If you really didn’t run it, didn’t hold any money, didn’t Dump the Token – prove it. Otherwise, don’t try to Vai the victim,” the post read.
The message was Chia at a dizzying speed, turning Shark Binh's "cry for injustice" into an unprecedented public confrontation . From appearing to "warn", he suddenly became the center of a new storm of suspicion .
👉 XEM the article: The former dev of the Antex project is causing a stir by accusing Shark Binh on social networks.
⏳ Waiting for the end: The game is not over yet
AntEX may have collapsed, the Token may have gone to zero, but the story behind it continues to unfold .
The statement from the “younger brother” is just the first shot. The community is waiting to XEM:
Will Shark Binh respond frankly or continue to keep silent?
Will the promised documents and evidence be released?
And most importantly: was this a technological failure – or a carefully calculated investment strategy?
When the truth is still unclear, all characters can change Vai. “Victim” or “director” – perhaps the end has not come yet. Followin will continue to update the hottest developments about this incident!
