Taiwan ACE Exchange founder and associate sentenced to 20 years in prison for fraud and money laundering

Taiwanese prosecutors have sentenced four suspects, including ACE Exchange founder David Pan, to 20 years in prison in a fraud and money laundering case involving a cryptocurrency trading platform. The incident, involving 32 people, resulted in more than 1,200 victims and approximately 800 million New Taiwan Dollars ($24.56 million) in losses. (Read more)