ACE Exchange Strikes Again! Current CEO Wang Chenhuan Under Arrest, Faces Money Laundering Charges Just After Clearing His Name

Pan Yizhang, who is well-known in the cryptocurrency circle, has been interviewed by the media multiple times to share his experiences. However, he is now under investigation due to suspicions of fraud.

According to reports, Pan Yizhang and his team used social media platforms and pyramid schemes to entice investors to purchase virtual currencies such as MOCT (Magic Token), NFTC, and BNAT, promising that these currencies would be listed on well-known exchanges such as ProEX. However, when the prices of these coins plummeted, investors were unable to liquidate their investments and subsequently reported the matter to the police.