This morning, it was reported that Wang Chenhuan, the current president and person in charge of ACE Exchange, has been arrested on suspicion of involvement in a “garbage coin fraud” and has been detained and banned from meeting by the prosecutor’s office. Five suspects, including Wang, have been detained. As Wang Chenhuan is also the managing partner of the well-known domestic law firm, Jianye Law Firm, this has attracted attention from the legal community.
Currently, Zhang Shaoteng, the executive director of Jianye Law Firm, has issued a latest statement, stating that Wangpai Digital Innovation Co., Ltd. is a personal investment venture of Lawyer Wang Chenhuan and has no connection with the firm. Starting from today, the position of managing partner will be taken over by other lawyers.
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What should ACE users do? After the arrest of President Wang Chenyuan, the exchange issued a statement: fully cooperating with the investigation, normal deposit and withdrawal operations.
ACE Fraud Case Continues to Spread: Criminal Investigation Unit “Summoning Victims”: Beware of Magic Coin NFTC QQQ… Please fill out the form to report fraud (link included).