According to a report by Zombit, a former executive surnamed Pan and a partner surnamed Lin of the Taiwanese cryptocurrency exchange “ACE Ace Exchange” were transferred to the authorities for suspected crimes including fraud, money laundering prevention, and banking laws. At that time, ACE Ace Exchange issued a statement emphasizing that the individuals involved were no longer high-level members of the team and that the company’s director was now Wang Chenhuan, the managing partner of the Jianye Law Firm.
However, according to the Liberty Times, after analyzing related criminal data, the prosecutors launched a second wave of investigation on January 22nd and found that Wang Chenheng, the person in charge of ACE Ace Exchange, was also implicated in serious crimes. Therefore, the Taipei District Prosecutors Office commanded units including the New Taipei City Criminal Police Brigade, Taipei City Investigation Bureau, Jiaoxi and Su’ao Branches of the Yilan County Police Department to detain and interrogate five individuals, including Wang Chenheng, on charges of money laundering and fraud. Considering the possibility of escape, collusion, and repeat offenses, all five individuals were remanded in custody and denied visitation rights.
