ACE Exchange Issues Statement to Clarify Media Reports

ACE Exchange Issues Statement to Clarify Media Reports

ACE Exchange Issues Statement to Clarify Media Reports

Recently, news media reported allegations regarding the ACE Exchange being involved in fraud and money laundering. On July 4th, ACE Exchange issued the following clarification on its official website in response to these reports:

Regarding the news reports on July 3, 113 (Taiwanese calendar) by some media outlets, ACE Exchange wishes to clarify the following:
1. Articles with titles such as “ACE Exchange Scandal Explodes! National News Agency Implicated in Fraud” and “ACE Fraud Money Laundering Case Involves Yilan Retreat Mother-Daughter with Ties to Sanlih Group” imply connections between Ace Digital Innovation Co., Ltd. (referred to as ACE Exchange) and Sanlih Group subsidiary “Create Intelligence” in an investment case with “Yizhuan Company.” ACE Exchange hereby clarifies that it has no involvement in the investment case mentioned in the media reports related to Create Intelligence, a subsidiary of Sanlih Group.
2. ACE Exchange has no knowledge of the investment case involving Create Intelligence and Yizhuan Company as reported by the media.
3. ACE Exchange did not participate in any external investment projects conducted by former directors or individuals associated with them. Furthermore, any criminal cases arising from the personal actions of former directors and others involved do not involve ACE Exchange’s directors, shareholders, or organizational personnel.
4. “ACE Exchange” is a legally compliant virtual asset trading platform brand. Regrettably, due to the personal actions of former directors and others, some media have wrongly associated ACE Exchange with a “fraudulent group.” ACE Exchange aims to promptly clarify misunderstandings, explain the situation, and uphold its reputation and legal rights. ACE Exchange will continue to actively cooperate with law enforcement agencies in their investigations.
5. ACE Exchange appreciates the concern of the media and the public. It deeply regrets the social disturbance and unease caused by the personal actions of former directors and others. ACE Exchange hopes for a swift clarification of the situation by the judiciary. ACE Exchange will continue to provide stable and secure virtual asset trading services to the public. However, in consideration of the confidentiality of criminal investigations, ACE Exchange urges the public and media to respect the space for investigation by law enforcement agencies.

Official Statement
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