BitAsset Suspected Involvement in Mainland Capital Investigation Official Statement Clarifies Current CEO Operates Solely and Independently

According to a previous report by Zombit, BitAsset, a company funded by mainland China, is under investigation by the prosecutors for allegedly setting up a company in Taiwan without the approval of the competent authority. The United News Network reported that the prosecutors commanded the Taipei City Investigation Bureau to conduct searches on 8 different routes yesterday, and summoned the person in charge, Hu Zhilong, for questioning on suspicion of violating the “Act Governing Relations between the People of the Taiwan Area and the Mainland Area.” After questioning, he was released on bail of 200,000 NT dollars, while the other 3 former executives were sent back.