The ACE exchange recently announced that it will change its company name, and there are reports that the exchange has been acquired by a new team.
On Wednesday, the ACE exchange released a system maintenance announcement, stating that the deposit system will be under maintenance from October 2 at 17:00 to October 7 at 17:00, which will affect fiat currency deposits. The announcement mentioned that this maintenance is "in response to the company's name change and system upgrade operations."
Insiders revealed that the ACE exchange has been acquired by a new team, but information about the buyer has not yet been disclosed, and more details may be announced next week.
Source: ACE exchange official website
In April of this year, ACE exchange founders Pan Yizhang, lawyer Wang Chenhuan, and Lin Genghong were prosecuted by the Taipei District Prosecutor's Office for allegedly deceiving victims into investing in non-liquid virtual currencies, profiting nearly NT$800 million. Additionally, in July, the Financial Supervisory Commission stated that during a special inspection of the ACE exchange for anti-money laundering and counter-terrorism financing operations in November last year, multiple deficiencies were found, resulting in a fine of NT$1.52 million for the company.