Breaking News: ACE Exchange CEO Wang Chenhuan Arrested in Connection with Cryptocurrency Scam Case, Detained and Denied Visitation
This morning, it was revealed that Wang Chenhuan, the current CEO and executive of ACE Exchange, has been arrested on suspicion of involvement in a “cryptocurrency scam”. The prosecutor has detained and denied visitation rights to Wang and five other suspects. Wang Chenhuan, who is also the managing partner of the well-known domestic law firm, Building Industry Law Firm, has attracted special attention from the legal community.
Currently, Zhang Shaoteng, the managing partner of Building Industry Law Firm, has issued a statement stating that Wang Chenhuan’s personal investment affairs in Wangpai Digital Innovation Co., Ltd. are unrelated to the law firm and that the position of managing partner will be assumed by other lawyers starting today.
Related Reports
What will happen to ACE users? Exchange’s statement after the arrest of CEO Wang Chenhuan: Full cooperation with the investigation, normal deposit and withdrawal operations.
ACE Fraud Case Escalates: Criminal Investigation Unit “Calls on Victims” to Fill Out Fraud Report Form for Moquan Coin NFTC QQQ… (Link included)