The authorities in Taiwan raided the premises of a neighborhood crypto trade, Ace Change, and arrested the co-founder, David Pan, for alleged fraud, native media Liberty Occasions reported yesterday (Thursday).
Pan was one of many 14 individuals from Ace Change arrested by the Taiwan police. The arrests had been made because the police raided a number of areas related to the cryptocurrency trade, together with its headquarters in Taipei Metropolis. The police seized a large amount of money from Pan’s residence and 108 million Taiwanese {dollars} (about $3.48 million) value of cryptocurrencies from the corporate. Stories counsel that Pan and different people are usually not cooperating with the investigation.
The authorities alleged that the people at Ace earned roughly 200 million Taiwanese {dollars} (about US$6.4 million) by deceiving the crypto traders with false claims. Over the previous three years, over 100 crypto traders have fallen victim to fraudulent claims.
Based on the Taiwan police, Pan ran fraudulent ads on social media, together with Fb and Instagram, selling ‘get-rich-quick’ schemes.
Launched in November 2018, Ace is one in all Taiwan’s high three cryptocurrency exchanges, together with MaiCoin and BitoGroup. It is without doubt one of the members of the native business affiliation, which was shaped with the changing regulatory requirements within the nation.
Change Operations Stay Regular
In a press release, the trade clarified that the police motion was towards its “token venture facet” and never on the trade operations.
各位可能有看到新聞了。 ACE 在這邊澄清該行為是代幣項目方行為,跟交易所營運沒關聯。目前營運都正常,如有遇到提幣問題 可以透過我們官方渠道詢問
【ACE王牌法幣加密貨幣交易所聲明稿】https://t.co/VnoekKpWL2
— ACE Change (@ACE_exchange) January 4, 2024
“Some currencies listed in 2019 had been concerned in unlawful actions,” Wang Chenhuan, President of ACE Change, wrote in a weblog put up following the police motion. “ACE is cooperating with the investigation as a witness.“
“Some media reported that our staff had been concerned within the case, which isn’t true. We now have despatched a letter to the media to appropriate it.”
In the meantime, Ace will delist the MOCT/TWD buying and selling pair subsequent Monday, highlighting that “subsequent forex deposit and withdrawal capabilities is not going to be affected.”
Final November, the COO of another Taiwanese crypto exchange was arrested for his alleged reference to an notorious cash laundering incident within the nation.
The authorities in Taiwan raided the premises of a neighborhood crypto trade, Ace Change, and arrested the co-founder, David Pan, for alleged fraud, native media Liberty Occasions reported yesterday (Thursday).
Pan was one of many 14 individuals from Ace Change arrested by the Taiwan police. The arrests had been made because the police raided a number of areas related to the cryptocurrency trade, together with its headquarters in Taipei Metropolis. The police seized a large amount of money from Pan’s residence and 108 million Taiwanese {dollars} (about $3.48 million) value of cryptocurrencies from the corporate. Stories counsel that Pan and different people are usually not cooperating with the investigation.
The authorities alleged that the people at Ace earned roughly 200 million Taiwanese {dollars} (about US$6.4 million) by deceiving the crypto traders with false claims. Over the previous three years, over 100 crypto traders have fallen victim to fraudulent claims.
Based on the Taiwan police, Pan ran fraudulent ads on social media, together with Fb and Instagram, selling ‘get-rich-quick’ schemes.
Launched in November 2018, Ace is one in all Taiwan’s high three cryptocurrency exchanges, together with MaiCoin and BitoGroup. It is without doubt one of the members of the native business affiliation, which was shaped with the changing regulatory requirements within the nation.
Change Operations Stay Regular
In a press release, the trade clarified that the police motion was towards its “token venture facet” and never on the trade operations.
各位可能有看到新聞了。 ACE 在這邊澄清該行為是代幣項目方行為,跟交易所營運沒關聯。目前營運都正常,如有遇到提幣問題 可以透過我們官方渠道詢問
【ACE王牌法幣加密貨幣交易所聲明稿】https://t.co/VnoekKpWL2
— ACE Change (@ACE_exchange) January 4, 2024
“Some currencies listed in 2019 had been concerned in unlawful actions,” Wang Chenhuan, President of ACE Change, wrote in a weblog put up following the police motion. “ACE is cooperating with the investigation as a witness.“
“Some media reported that our staff had been concerned within the case, which isn’t true. We now have despatched a letter to the media to appropriate it.”
In the meantime, Ace will delist the MOCT/TWD buying and selling pair subsequent Monday, highlighting that “subsequent forex deposit and withdrawal capabilities is not going to be affected.”
Final November, the COO of another Taiwanese crypto exchange was arrested for his alleged reference to an notorious cash laundering incident within the nation.