The AntEx project, once hailed as a promising financial ecosystem, has officially collapsed, resulting in substantial losses for its investors. Launched in mid-2021, the project attracted around 30,000 participants who are now facing the harsh reality of their investments turning into worthless assets, as analysts warn in the report.
Nguyen Hoa Binh and the AntEx Token Sale
Nguyen Hoa Binh and his team managed to sell over 33 billion AntEx tokens, amassing approximately 45 million USD. However, the project's downfall began when the tokens plummeted in value, losing 99% of their worth. In a desperate bid to distance themselves from this failure, the team rebranded the project to Rabbit in March 2023, hoping to wipe the slate clean of its troubled trading history.
The Aftermath of Rebranding
Unfortunately for investors, the rebranding did not yield the desired results. The new Rabbit token also faced a swift collapse shortly after its launch, leaving investors with digital assets that are now essentially worthless. This series of events highlights the risks associated with investing in cryptocurrency projects, particularly those that promise high returns without a solid foundation.
The collapse of the AntEx project has led to an extensive investigation by the Hanoi Police into the associated cryptocurrency scam. For more details on this developing situation, see the full report here.
