May 18, 2024

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Taiwanese Prosecutors Indict 32 Individuals Implicated in $24.5 Million ACE Exchange Fraud Scheme

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Taiwanese Prosecutors Indict 32 Individuals Implicated in .5 Million ACE Exchange Fraud Scheme
Taiwanese Prosecutors Indict 32 Individuals Implicated in .5 Million ACE Exchange Fraud SchemeAt least 32 individuals connected to the now-defunct Taiwan-based cryptocurrency exchange, ACE Exchange, have been indicted on fraud charges. Prosecutors have recommended 20-year jail terms for the founder, David Pan, and his business partner, while a 12-year jail term has been proposed for Chairman Wang Chen-huan. Token Prices Plummet Taiwanese prosecutors recently indicted at least […]