According to Foresight News, ABCDE recently addressed false information and rumors about its co-founder BMAN, which were spread by a person claiming to be a Chinese ZK developer during Token2049. The same individual had previously spread rumors about ABCDE's financial contracts during the July ETHCC event. At that time, the team did not pay enough attention to the issue and only communicated privately with some partners without making a public clarification.
In response to the rumors, ABCDE officially clarified the situation regarding BMAN and BISS. BMAN established the BISS exchange in 2019, and due to the innovative product of using cryptocurrency to purchase stocks, which involved securities trading, BMAN assisted relevant departments in an investigation at the end of 2019. After a comprehensive 37-day investigation, the case concluded with BISS ceasing operations and BMAN and the team being exonerated. In China, due to government regulation of cryptocurrencies, executives and founders of almost all exchanges have cooperated with authorities in investigations. The allegations that BMAN was imprisoned for securities fraud and operated a Ponzi scheme are malicious fabrications.
ABCDE Capital is a licensed and compliant fund in Hong Kong, managed by NewHuo Asset Management (Hong Kong) Limited, a subsidiary of Hong Kong-listed company New Fire Technology. NewHuo Asset Management (Hong Kong) Limited holds the fourth and ninth licenses issued by the Hong Kong Securities and Futures Commission. ABCDE Fund operates in strict compliance with license requirements and Hong Kong Securities and Futures Commission regulations, conducting a series of compliance checks on each LP, including KYC and anti-money laundering, to ensure regulatory compliance. ABCDE Capital also has a strict internal control system and investment decision-making process to ensure that investment, post-investment management, and exit stages comply with regulatory requirements. The malicious rumors have caused significant damage to the reputation of BMAN and ABCDE, and their lawyers are taking relevant legal actions.