Protos, a crypto news outlet, has reported the involvement of former Philippine Mayor Alice Guo in the AAX case. The Hong Kong-based exchange was accused of misappropriating customer funds and suspending withdrawals in 2022. Several executives were arrested for allegedly taking client money. Guo, previously identified as a co-founder of illegal gambling and money laundering organization Baofu, is now under indictment. Protos reported, "'The trial revealed the connection between Su Weiyi, the alleged mastermind behind AAX, and Baofu'."