Taipei District Prosecutor’s Office Presses Charges Against ACE Cryptocurrency Exchange Founder for Alleged Fraud Involving Over NT$300 Million in Virtual Currency Transactions
The Taichung District Prosecutors Office yesterday officially indicted Pan Yizhang, the founder of ACE Exchange, and six others on charges of conducting large-scale fraud using cryptocurrency, involving an amount exceeding 300 million New Taiwan Dollars. This case not only involves cryptocurrency trading but also raises serious questions about money laundering and organized crime, posing significant concerns for the regulation and security of the cryptocurrency market.
