Crypto exchange founder charged with money laundering and fraud

Taiwanese prosecutors have charged David Pan, the founder of Ace Exchange, a local cryptocurrency trading platform, with criminal charges. According to an official statement, on April 8, they indicted Pan and six other suspects. They charged him with money laundering and fraud, which caused a loss of 340 million New Taiwan dollars or $10.6 million.  […] source: https://www.cryptopolitan.com/crypto-exchange-founder-charged/