TechFlow news, April 12 — According to United Daily News, the Taipei District Prosecutors Office has indicted digital asset management platform Steaker and its founder Huang Wei-Xuan along with three other executives on charges of violating banking laws by illegally operating deposit-taking activities, involving approximately NT$1.48 billion.
In response, Steaker released a statement asserting it has never engaged in any illegal activities, emphasizing that virtual assets are not legal tender and that the platform only provided virtual asset allocation services without accepting fiat currency or offering exchange services. The statement also noted that since April 28, 2023, the original platform operations have been indefinitely suspended, including halting subscription plans and operations, and no longer accepting new user registrations. Currently, over 86% of users have participated in the "Dawn Plan (Steaker Dawn)" compensation program.
