ACE President Wang Chenyuan’s home was found with 50 million in cash and nearly 200 million in cryptocurrency! McLaren 720S supercar seized again

Today, Wang Chenhuan, the current president and person in charge of ACE Exchange, was exposed as suspected of garbage coin fraud and was urgently arrested by the police. Yesterday (23), the prosecutors deployed multiple forces and found more than 49 million yuan in cash and group members at Wang’s home. 17 million yuan in cash and various cold wallets were found at his residence, containing a total of nearly 190 million yuan in cryptocurrency. A McLaren 720S supercar worth NT$18 million was also seized from his girlfriend's home.

A recent investigation found that there were abnormal financial flows between ACE Exchange and Wang Chenyuan’s personal account, which were suspected of money laundering. Yesterday (23), through the New Taipei City Criminal Investigation Bureau, the Taipei City Investigation Division of the Bureau of Investigation, and the Yilan Jiaoxi and Suao branches, multiple teams were dispatched to search 10 locations in Taipei, New Taipei, and Yilan where Wang suspected of hiding criminal proceeds, and successfully arrested Wang Chenhuan, Five people including Li Linda, ACE exchange employees Gao Weilun, Lin Shufen, and Xie Shiying, who assisted in putting the junk coins on the shelves, were arrested and brought to justice.

During the interrogation, Wang Chenyuan denied being involved in the case, saying that the suspicious huge amount of money was borrowed from a friend. However, he was detained by the prosecutor because he could not explain the source. As part of Wang Chenhuan's case, a total of about 66 million yuan in cash, nearly 200 million yuan in cryptocurrency, and a McLaren 720S sports car worth 18 million yuan were seized.

Public account: Crypto Bear #BTC #ACE #ETH/USDT $ACE $BTC $ETH