Founder of Vietnamese tech company NextTech has $34 million in assets seized over involvement in AntEx cryptocurrency scam case

According to ChainCatcher, Hanoi police have seized assets worth $34 million belonging to Nguyen Hoa Binh, chairman of Vietnamese technology company NextTech, in connection with a cryptocurrency fraud case.

The seized items include 597 gold bars, 18 property ownership certificates, and two vehicles. Binh and nine others face charges of fraudulent misappropriation of assets and accounting violations related to the AntEx cryptocurrency project. Police allege that in 2021, Binh and his associates raised funds for AntEx by selling 33.2 billion tokens to 30,000 investors, collecting a total equivalent to $4.5 million. Authorities stated that the funds were subsequently withdrawn, converted into local currency, and distributed among the group, with some funds transferred to companies associated with NextTech. Binh is also accused of instructing employees to conceal the income of the Nextland real estate company by keeping two sets of books. The investigation is ongoing, and police indicated that further charges may be filed.