Taiwan prosecutors indict 32 individuals involved in $24.5 million ACE exchange fraud case

At least 32 individuals linked to ACE Exchange, a now-defunct Taiwan-based cryptocurrency exchange, have been charged with fraud. Prosecutors sought 20 years in prison for founder David Pan and his business partner, and 12 years in prison for Chairman Wang Chenhuan. Token price plummets Taiwanese prosecutors recently indicted (…)

Source: https://news.bitcoin.com/taiwanese-prosecutors-indict-32-individuals-implicated-in-24-5-million-ace-exchange-fraud-scheme/