CoinEx/ViaBTC CEO was arrested in early June 2022

The CEO and founder of the cryptocurrency exchange CoinEx.com and mining pool ViaBTC.com, Haipo Yang, has been arrested by Chinese police, along with his wife and brother-in-law, on money laundering charges.

Sources close to police said this happened in early June 2022. Yang and his wife have been in jail for nearly two months. This is the second time the CoinEx/ViaBTC CEO has been put into jail. As with his previous arrest in 2018, both CoinEx and ViaBTC remain tight-lipped about Yang’s whereabouts.

The news was discussed in twitter. But it was written in Chinese, thus not caught notice by English-language media: https://twitter.com/SEFATUBA3/status/1539276545281253379

CoinEx/ViaBTC users should be on the alert for the development of this event and for the potential confiscation of the exchange and pool assets by Chinese police.

Though claiming to be based elsewhere, most of CoinEx and ViaBTC staff are actually operating from offices in Shenzhen, China.

According to CoinMarketcap, CoinEx ranks 29th in cryptocurrency derivative business: https://coinmarketcap.com/rankings/exchanges/derivatives/

And ViaBTC ranks 6th among bitcoin mining pools, according to https://hashrateindex.com/hashrate/pools

submitted by /u/SmartGain2022
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