David - Cryptocurrency Enthusiast
Due to their involvement in the AAX case and their deception and misrepresentation of police, the police have detained two persons
The criminal ringleader and $30 million worth of cryptocurrency fled from Hong Kong
According to reports, Thor Chan, the former CEO of AAX, and Liang Haoming, the CEO of Weigao Capital, have both been detained
According to sources, the police's Commercial Crime Investigation Bureau detained a former worker and the platform manager for AAX. Both men were charged with disseminating false information and employing unethical methods to bring down cryptocurrency trading site. According to reports, the company chose to spread fake information as part of a large plot in order to delay the public account and halt platform functioning, leading to potential losses for those investing in cryptocurrency and holding crypto assets like coin holdings.
However, the crime's organizer left Hong Kong with his wallet of digital money and the secret key to the trading site, which included almost $30 million.
One of the males who had been detained was accused of "misleading a police officer." The man falsely claimed to have left the pertinent firm in May 2021 throughout the investigation. But more research revealed that the man was a consultant and continued to show up at business conferences. According to rumors, the two individuals who were detained are the founder and former CEO of AAX and the director, shareholder, and CEO of Weigao Capital, respectively (Thor Chan). However, the identification has not yet been verified.
The present $30 million in crypto assets are safe in the virtual currency wallet, according to senior inspector Huang Zhongli, and there are currently no signs of a loss. The police promised to find the source of the money flow and to keep in touch with foreign agencies as soon as possible to protect those investing in the crypto market.
When Vice President of Global Marketing and Communications Ben Caselin announced his retirement from the crypto exchange AAX, the rumors of a probable bankruptcy announcement from AAX gained more traction. Later, in November, AAX abruptly shut down as a result of main executives quitting, staff firings, and the inability of investors to withdraw funds. Thousands of individuals thus lost their money.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards