Browsing: investigation

David Pan, the purported founder of Ace Exchange, a cryptocurrency platform, has been taken into custody by Taiwanese authorities on charges of orchestrating fraudulent activities through digital currencies. Reported by Liberty Times on January 4, Taipei City police, in a series of raids spanning various locations including Ace Exchange’s main offices, arrested Pan along with 14 other individuals. Law enforcement officials allege that the accused collectively amassed approximately 200 million Taiwanese dollars, equivalent to $6.4 million USD at the time of this report, through deceptive practices aimed at duping investors with false cryptocurrency promises. Ace Exchange, in a statement issued…

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