BREAKING: ACE Exchange CEO Wang Chenhuan has been arrested on suspicion of involvement in a “garbage coin fraud” case. The prosecutor has detained Wang and four other suspects. Wang, who is also the managing partner of a prominent domestic law firm, has attracted attention from the legal community.
In response to the situation, Zhang Shaoteng, the executive director of the law firm, has issued a statement clarifying that Wang Chenhuan’s personal investment in Wangpai Digital Innovation Co., Ltd. has no connection to the law firm. Zhang also announced that the position of managing partner will be taken over by another lawyer starting today.
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