XREX's statement verified with the prosecution: Founders Huang Yaowen and Xiao Huizong are granted deferred prosecution due to lack of substantial profit and legal involvement of clients.
XREX Exchange (Chain Technology Co., Ltd.) today issued a statement approved by the Taichung Public Prosecutor's Office, detailing the reasons why its co-founders, Huang Yiuwen and Siu Hongzong, were previously suspended. (Summary: The two founders of XREX were involved in money laundering of NT$410 million, why was the prosecution delayed?) The complete beginning and end, the official response is out) (background supplement: XREX's latest response: believe in justice! I believe that the judiciary will handle it impartially and actively cooperate with the investigation This article is a draft statement, an announcement of the content approved by XREX and the Taichung District Prosecutor's Office. In early January 112 of the Republic of China (the same below), in order to serve customers who had previously passed the KYC review, the founders of the company, Huang Yaowen and Xiao Hongzong, at the request of the customer, changed the TRC-20 USDT of their personal wallet to ERC-20 USDT and transferred it to their designated wallet address. A few months later, because the customer was investigated by the judicial authorities, it was believed that the source of his funds was suspected of being illegal. The prosecutor of the Taichung District Prosecutor's Office believes that the above-mentioned chain exchange has unconventional operating procedures and has violated relevant laws and regulations. However, considering that the prosecutor considered that neither Huang Yiuwen nor Siu had a criminal record and did not make substantial profits in this case, and considering that the Company had cooperated in the judicial seizure of 30 bitcoins in the Company's XREX exchange wallet of the Company, and that Wong Yiu-man and Siu had always been committed to the prevention of virtual currency fraud, the Taichung District Prosecutor's Office agreed to give Huang Yaowen and Xiao Hongzong a suspended prosecution sanction, during which Huang Yaowen and Xiao Hongzong respectively paid public welfare donations to the public treasury, as well as the production of promotional videos, Provide virtual currency introduction courses to law enforcement agencies or law enforcement education institutions and other anti-money laundering activities. Since its establishment, the company has worked hard to establish a compliant and safe virtual currency market environment; In line with government policies, we are fully committed to helping to combat fraud. Although this incident was unknowingly implicated due to the suspicion of illegal involvement of the customer, it still made the company deeply wary. In the future, we will continue to assist the government in combating fraud. And follow the norms, strict self-requirements. Related reports Taiwan's new system on the road: the account has not been traded for half a year and is frozen "cannot be withdrawn and transferred", users complain about disturbing the people Worldcoin (World Network) has come to Taiwan! Scan the iris "real person verification" to register the World ID to receive world coins "XREX and prosecutor verification statement: founders Huang Yaowen and Xiao Hongzong suspended the lawsuit, because there is no substantial profit, customers are involved in the law" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".
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XREX's statement verified with the prosecution: Founders Huang Yaowen and Xiao Huizong are granted deferred prosecution due to lack of substantial profit and legal involvement of clients.
XREX Exchange (Chain Technology Co., Ltd.) today issued a statement approved by the Taichung Public Prosecutor's Office, detailing the reasons why its co-founders, Huang Yiuwen and Siu Hongzong, were previously suspended. (Summary: The two founders of XREX were involved in money laundering of NT$410 million, why was the prosecution delayed?) The complete beginning and end, the official response is out) (background supplement: XREX's latest response: believe in justice! I believe that the judiciary will handle it impartially and actively cooperate with the investigation This article is a draft statement, an announcement of the content approved by XREX and the Taichung District Prosecutor's Office. In early January 112 of the Republic of China (the same below), in order to serve customers who had previously passed the KYC review, the founders of the company, Huang Yaowen and Xiao Hongzong, at the request of the customer, changed the TRC-20 USDT of their personal wallet to ERC-20 USDT and transferred it to their designated wallet address. A few months later, because the customer was investigated by the judicial authorities, it was believed that the source of his funds was suspected of being illegal. The prosecutor of the Taichung District Prosecutor's Office believes that the above-mentioned chain exchange has unconventional operating procedures and has violated relevant laws and regulations. However, considering that the prosecutor considered that neither Huang Yiuwen nor Siu had a criminal record and did not make substantial profits in this case, and considering that the Company had cooperated in the judicial seizure of 30 bitcoins in the Company's XREX exchange wallet of the Company, and that Wong Yiu-man and Siu had always been committed to the prevention of virtual currency fraud, the Taichung District Prosecutor's Office agreed to give Huang Yaowen and Xiao Hongzong a suspended prosecution sanction, during which Huang Yaowen and Xiao Hongzong respectively paid public welfare donations to the public treasury, as well as the production of promotional videos, Provide virtual currency introduction courses to law enforcement agencies or law enforcement education institutions and other anti-money laundering activities. Since its establishment, the company has worked hard to establish a compliant and safe virtual currency market environment; In line with government policies, we are fully committed to helping to combat fraud. Although this incident was unknowingly implicated due to the suspicion of illegal involvement of the customer, it still made the company deeply wary. In the future, we will continue to assist the government in combating fraud. And follow the norms, strict self-requirements. Related reports Taiwan's new system on the road: the account has not been traded for half a year and is frozen "cannot be withdrawn and transferred", users complain about disturbing the people Worldcoin (World Network) has come to Taiwan! Scan the iris "real person verification" to register the World ID to receive world coins "XREX and prosecutor verification statement: founders Huang Yaowen and Xiao Hongzong suspended the lawsuit, because there is no substantial profit, customers are involved in the law" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".