ACE Exchange Under Intensified Investigation
Taiwan’s law enforcement agencies have requested the court to authorize the arrest of ACE Exchange’s president Chenhuan Wang and four others on accusations of money laundering and fraud. They’re also seeking to limit their interaction with others while under detention.
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Taiwan's law enforcement agencies have requested the court to authorize the arrest of ACE Exchange's president Chenhuan Wang and four others on accusations of money laundering and fraud. They're also seeking to limit their interaction with others while under detention.
Previously, the exchange founder, David Pan, was arrested on similar charges. The exchange's management had clarified that he hadn't been involved in decision-making for about two years. Despite the new legal challenges, the company has declared its intention to continue its operations as normal.
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