The founder of ACE Exchange has been involved in a fraud case since early 2024 and has been fined 1.52 million NTD by the Financial Supervisory Commission for money laundering violations. The operational status of the exchange continues to attract attention, and the community is speculating whether it will close or change ownership. Yesterday (10/24), ACE Exchange's announcement may reveal new developments.
ACE announces bank account name change, spokesperson confirms the renaming
According to the announcement, ACE Exchange stated that the company's 'renaming' needs to be synchronized with the adjustment of the binding of KGI Bank's trust account, thus making adjustments to certain functions. From the perspective of the bank trust account process, this action indicates that ACE Exchange's management team will rebrand and restart; and it is very likely that they have found a new buyer.
Chain News inquired about ACE Exchange's opinion, and the spokesperson confirmed that they are in the process of renaming and preparing new bank trust contracts, revealing that all investors have been replaced.
Deposit function has been suspended, resuming on 11/2
ACE Exchange has suspended deposit services since 10/14, claiming it will last until November 2, raising many suspicions in the community about whether the service suspension is related to an involved incident. The spokesperson stated that this policy is also in response to the company's registration renaming process and the timeline of the trust account contract.
ACE is renamed 'RunTong Digital Innovation'
Company registration information shows that ACE Exchange, originally named 'Ace Digital Innovation', has been renamed to 'RunTong Digital Innovation Co., Ltd.', and all members of the board of directors are representatives from 'Aipu New Energy Co., Ltd.'. Past reports indicate that Aipu New Energy and KGI Bank collaborated on 'community charging pile operation trust services', and both ACE and Aipu New Energy are clients of KGI Bank.
After Taiwan's registration system, VASP operators are undergoing a major reshuffle
Taiwan's virtual asset service providers (VASP) are expected to be regulated under a 'registration system' next year, with existing exchanges and OTC currency dealers needing to be re-evaluated to enter the registered operator list. If ACE Exchange successfully finds a buyer and rebrands as a registered operator, it may maintain the rights of ACE's current users.
[Disclaimer] The market has risks, and investments should be made with caution. This article does not constitute investment advice; users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at your own risk.
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