In response to the recent exposure, Shark Binh posted on his fanpage that he had been betrayed, and gave profound warnings about the risks of the digital asset market.
Relationship with LVL and the Antex project
According to the story, Shark Binh had supported a technology engineer named LVL many times, who had fallen into bankruptcy. Not only did he bring LVL to work at NextTech, Shark Binh also created conditions for him to participate in many projects. When investing in the blockchain startup Antex, he continued to give LVL a great opportunity: holding the position of CTO (Technical Director), holding all the Keys, Codes and Blockchain wallets.
However, according to Shark Binh, this was the biggest mistake. Because after that, a series of unusual events occurred: backdoor into Dev's Token warehouse, withdrawal of liquidation (rug-pull), hacking of blockchain wallet... causing investors to suffer losses, and he and other shareholders had to bear the blame. From then on, Shark Binh believed that LVL was behind these actions that caused losses.
Legal issues and the inability of authorities
Shark Binh said that he and his shareholders had collected evidence and worked with the police. However, the case could not be handled for three main reasons:
• Vietnamese law does not recognize crypto so there are no specific sanctions.
• Electronic traces are often erased or difficult to prove.
• The anonymity of blockchain makes accountability nearly impossible.
That is why, for many years, Shark Binh and other shareholders have always been suspected and associated with the project's scandal.
Challenges and calls for transparency
In the article, Shark Binh frankly challenged his accusers to appear publicly and livestream their confrontation instead of “hiding in the dark”. He affirmed that his purpose was not only to protect his personal honor, but also to teach the community a lesson.
Important warnings
From his experience with Antex, Shark Binh gives many profound warnings:
• The legal corridor needs to be transparent: there must be a KYC mechanism and accountability to the last individual.
• Risk depends on the technique: if the “key holder” lacks ethics, the whole project will collapse.
• Centralized vs. Decentralized: decentralized assets run the risk of permanent loss, while centralized systems still have legal paperwork to handle.
• The risk of hacking or self-hacking is always lurking, and the damage is often irreversible.
• Crypto lacks transparency and is easily manipulated by whales, creating “sheep shearing” cycles that wipe out the money of small investors.
In addition, the shark also commented that the powers can use crypto as a tool to suck the money flow from small countries and poor people. The fact that 17 million Vietnamese people own up to 100 billion USD in digital assets, according to Shark Binh, is a worrying number for the national finance.
In conclusion, Shark Binh emphasized that this is a battle between light and darkness, between transparency and anonymity, between centralization and decentralization, between integrity and betrayal. He affirmed that he would not continue to speak out if the "traitor" did not step into the light and confront him.
