KuCoin venturesled by 10 million dollarsfundraiser Trust ReserveThe core team of ‘s was killed by the police in China. was detained.
China’s local news agency PANewsissuing two stablecoins Trust Reserve He stated that ‘s team was detained in China. Before CNHC groupknown as trust Reserve, Chinese yuanand Hong Kong dollar indexed stablecoinexports them.
stablecoin of the issuercore team, PANewsAccording to on May 29 Chinese police was detained by It was reported that the team could not be reached after that day, but family members were informed.
Chinese Police Attack on Trust Reserv’s Team!
Chinese yuanAnd hong Kongissuing dollar-pegged stablecoins trust Reserve‘s core team was detained in China recently.
China’s local news agency PANews, visited the office of the crypto organization. PANews reported that there was no one in the office and that the police left a note on the office door. According to the Chinese news agency, the company has a judicial arrest letter on its door.
Moreover trust Reserve had participated in a Series A funding round in March. KuCoin leads this funding round ventures assumed. stablecoin issuer 10 million dollarsCircle and IDG Capital also participated in the round, which raised a fund.
According to the news that PANews based on its sources, the detention situation stablecoin It’s not caused by. The Chinese media channel reported that the company may have fallen under the radar of the police regarding another cross-border payment.
