Since the project’s inception, all operating funds and investments have been under Zhaojun’s personal control. It also means that all team facilities and access to servers are now held by the police.
Zhaojun s family and the project team have been actively cooperating with law enforcement to secure the CEO’s release from custody.
In July, users’ blocked assets were moved to unknown addresses. The funds were transferred to addresses controlled by Zhaojun’s sister.
But on July 13, according to the family, police took Zhaojun’s sister into custody. If there are any further notifications and developments, the team will update the community accordingly,” the company told.
Earlier, Chinese officials urged international regulators to tighten supervision of the cryptocurrency industry worldwide to safeguard users from the risks of fraud and money loss;