Taiwan’s Ace Exchange founder indicted in $10.6M fraud case

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Taiwanese prosecutors have indicted David Pan, the founder of Ace Exchange, a local operating cryptocurrency trading platform.

A Taiwanese court has ruled that the property of Ace Exchange founder David Pan and others involved in the case will be confiscated.

According to prosecutors, the persons defrauded customers by offering a service based on a classic high-reward promise model through offline over-the-counter exchange and fake investment groups.

 

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