Involved in a scam involving garbage coins! ACE Ace exchange found a buyer? Will it reappear after registration?

After the founder of ACE exchange, ACE, was involved in a fraud case in early 2024, he was also fined 1.52 million NTD by the FSC due to Money Laundering deficiencies. The operation of the exchange has been continuously followed by the community, and there have been constant speculations about its closure or change of ownership. Yesterday (10/24), an announcement from ACE exchange may reveal new developments.

ACE announced that the bank account has been renamed, and the spokesperson confirmed the renaming

According to the announcement, ACE, the flagship exchange, stated that the company's 'renaming' requires simultaneous adjustment of the binding of the KGI Bank trust account, thus making adjustments to some functions. From the perspective of the bank trust account procedure, this action signifies that the operating team of ACE, the flagship exchange, will rename and start again; and it is very likely that they have found a new buyer.

Chainnews asked for opinions from ACE Exchange, and a spokesperson confirmed that they are indeed renaming and preparing a new banking trust agreement, and revealed that all investors have been replaced.

Deposit function has been suspended and will be resumed on 11/2

ACE ACE exchange has temporarily suspended deposit services since 10/14, claiming it will continue until 11/2, causing many suspicions in the community as to whether it is due to an involved case. The spokesperson stated that this policy is also due to the company's registration renaming process and the schedule of the trust account contract.

ACE renamed as 'Runtong Digital Innovation'

The company registration data shows that ACE ACE Exchange, formerly known as "ACE Digital Innovation", has been renamed as "Run Tong Digital Innovation Co., Ltd.". The board of directors of the company is now entirely represented by the legal representative of "AP New Energy Co., Ltd.". According to previous reports, AP New Energy and KGI Bank have cooperated in the "Community Charging Pile Operation Trust Service", and both ACE and AP New Energy are customers of KGI Bank.

After the registration system was implemented in Taiwan, VASP operators underwent a major reshuffle.

Taiwan's Virtual Asset Service Providers (VASPs) are expected to be regulated under a 'registration system' next year. Existing exchanges and OTC currency dealers will need to be re-evaluated in order to be included in the list of registered entities. If ACE, the flagship exchange, successfully finds a buyer and is renamed as a registered entity, it may be able to maintain the rights of its current users.

【Disclaimer】The market is risky, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific situation. Investment based on this is at your own risk.

This article is authorized for reprint from: 'Chain News'