Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according to local media reports. The former CEO of AAX, Weigao Capital Liang Haoming, and the founder of AAX, Thor Chan, were arrested on Dec. 23. Local authorities accused the company’s head of declaring “system maintenance” as an excuse to delay customers from withdrawing assets amid liquidity issues. One of the executives also lied to the police about the timeline of his activities in the company, deliberately misleading enforcement authorities, the police investigation revealed. Two bank accounts of AAX as well as
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Author: NixCoin