Exclusive: Liang Qu Technology's Tai-Yuan Chen Issues Statement in Response—Former General Manager Xu Jing-Teng Accused of Embezzling Over 100 Million! I Am Being Unjustly Attacked Without Evidence

Quantrend Technology has revealed internal conflicts among its top management, resulting in the layoff of the vast majority of employees and the suspension of company operations. Today, BlockTempo obtained an official statement from co-founder and supervisor Chen Tai-Yuan, in which he accused the former general manager of embezzling company assets, claiming that previous negative rumors were maliciously spread by certain individuals.

(Background: Quantrend Technology’s Chen Tai-Yuan accused of embezzling public funds! Transferred 80,000 USDT to his own wallet, violently assaulted a partner, hid in the women’s restroom to harass colleagues, etc.)

Chen Tai-Yuan, co-founder of the well-known local crypto quantitative trading firm Quantrend Technology, was recently accused of embezzling company funds and violent behavior toward colleagues. The case, now under judicial investigation, has shocked the fintech sector and Taiwan’s crypto community. Today (3rd), Chen, along with his attorney, issued a statement responding, claiming that the main reason for these negative attacks is that former general manager Hsu Ching-Teng was involved in embezzling more than NT$100 million in company funds.

In the statement, Chen said that as Quantrend’s supervisor, he discovered irregular transfers of company deposits, virtual assets, and overseas funds under Hsu Ching-Teng’s management, involving over NT$100 million. Hsu allegedly refused to explain the whereabouts of these large sums. Chen has filed charges on behalf of Quantrend Technology against Hsu for business embezzlement, breach of trust, and illegal money laundering.

Stern Rebuttal: Targeted by Malicious Negative Attacks

Chen’s statement claimed that negative rumors about him—such as embezzling company funds, violent behavior, occupying the women’s restroom, taking office supplies, and stealing bottled water—were maliciously fabricated to distract from the real issues and hinder the audit process. He firmly rebutted these reports, stating that the allegations are one-sided, lack credible documentary or physical evidence, and may undermine the fairness of judicial proceedings. He urged the public not to rely on single-source claims.

Statement: “Public Should Be Cautious of Investment Risks”

Chen further stated that he recently learned that former GM Hsu Ching-Teng has been soliciting funds externally, and reminded the public, investors, and stakeholders to be especially vigilant about investment risks.

Quantrend Technology was initially founded by Chen Tai-Yuan and Tai Chih-Yang, who were responsible for technology and market strategy, while former GM Hsu Ching-Teng was in charge of business development and fundraising. The company’s three main leaders are now in serious conflict, resulting in criminal lawsuits and civil disputes, which await final judicial investigation results.

Related Reports

• Young Taiwan police officer “lost money trading crypto”, borrowed money to invest in Bitcoin and couldn’t repay, sued for fraud and questioned by authorities.
• Taiwan Financial Supervisory Commission heavily fines 6 major exchanges! Violations of AML laws, lack of KYC, total fines NT$7.02 million.

[Exclusive] Quantrend Technology’s Chen Tai-Yuan Responds: Former GM Hsu Ching-Teng Embezzled Over NT$100 Million! I’m Being Attacked Without Evidence—This article was first published by BlockTempo, the most influential blockchain news media.