The founder of Taiwan's crypto exchange ACE Exchange and 32 others were indicted for suspected fraud and money laundering, involving more than $2,400

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Cointime2024/04/27 09:07

By:Cointime

The Taiwan authorities have brought new charges against David Pan, the founder of the cryptocurrency exchange ACE Exchange, and 31 other suspects for alleged money laundering and fraud. They have recommended at least 20 years of imprisonment for the four main suspects. Prosecutors estimate that over 1,200 people were scammed in this case, with an estimated amount of 800 million New Taiwan dollars ($24.56 million). (Taipei Times) Previously, on April 10th, Taiwan prosecutors had already charged David Pan, the founder of ACE Exchange, and six other suspects with money laundering and fraud, who were among the major trading platforms in Taiwan.

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