The property dispute of the Keelung East Coast Shopping Mall continues to escalate. Keelung Mayor, Xie Guoliang, responded strongly to the controversy in a live stream on Facebook, stating that he does not need to do anything that is detrimental to the citizens but beneficial to himself. However, this statement has raised doubts among the community, with people questioning the whereabouts of the Ethereum from the Formosa Financial ICO case.
Summary:
Xie Guoliang has been criticized for the disappearance of 20,000 Ethereum from the Formosa Financial ICO case.
The property dispute of the Keelung East Coast Shopping Mall has sparked controversy, attracting the attention of the older generation in the cryptocurrency community. NET has accused Xie Guoliang, the Keelung Mayor, of trespassing the East Coast Shopping Mall and committing crimes such as destruction, illegal entry, coercion, and robbery.
In response to public criticism that Xie Guoliang sold the property rights of the East Coast Shopping Mall to Microview Enterprise at a low price, Xie Guoliang made a strong response on Facebook, blaming the former mayor, Lin You-chang, for adding floors to the building and claiming that it was Lin who gave benefits to Microview Enterprise.
Xie Guoliang’s live stream on Facebook attracted a large number of viewers, with some criticizing him for lying and expressing anger towards him.
A Facebook group called “Recall Xie Guoliang” has been created, expressing the dissatisfaction of the citizens and calling for his impeachment. The group has received a significant number of signatures for the first phase of the recall petition.
The controversy surrounding the Keelung East Coast Shopping Mall has unexpectedly spread to the cryptocurrency community. Ethan Yang, the head of Matrixport Taiwan, publicly mentioned the Formosa Financial project co-founded by Xie Guoliang and Huang Li-cheng in 2018, accusing them of fraudulently obtaining 20,000 Ethereum.
Formosa Financial was established in early 2018 by Huang Li-cheng, Xie Guoliang, Czhang Lin, and Ryan Terribilini. It aimed to create a treasury management platform for blockchain companies and envisioned Taiwan as the “Asia Blockchain Center” and “Crypto Island.”
The project raised a total of 44,000 Ethereum through angel funding in April 2018. However, after the ICO, the project faced difficulties and many Taiwanese executives left.
Xie Guoliang’s campaign office previously issued a press release denying his involvement in the Formosa Financial fraud case. They stated that Xie Guoliang was only hired as a consultant to handle compliance-related matters and had no involvement in the financial aspects of the project.
ZachXBT, a blockchain investigator, revealed on Twitter that 22,000 Ethereum was transferred from the Formosa Financial wallet around the time Xie Guoliang and Huang Li-cheng left the team.
The whereabouts of the misappropriated funds are still unclear, and different parties have different opinions on the matter.
Xie Guoliang has yet to clarify his role in the Formosa Financial case, leading to intense reactions from the community.
After contacting ZachXBT, he apologized and retracted his previous statements, stating that Huang Li-cheng is innocent.