Liang Qu Technology's Chen Taiyuan is involved in the embezzlement of public funds! 80,000 U transferred to his own Wallet, violently beat his partner, hiding in the women's restroom to evade workplace harassment..

Chen Taiyuan, co-founder of QuantTrend, was arrested by the police today for allegedly embezzling 80,000 USDT and for violent behavior. This has led to revelations of many chaotic actions. (Background: How did Taiwan's “19-year-old Coin God” make a fortune of over a hundred million? From trading shipping stocks with 3,000 USD to going all in on Trump coin and Hyperliquid) (Context: A young Taiwanese police officer “lost money trading coins” and borrowed money to invest in Bitcoin but couldn't pay it back, and was accused of fraud and searched) According to reports from multiple media outlets, the Taipei police took away Chen Taiyuan, a 35-year-old partner of QuantTrend, with a search warrant. Investigations indicated that Chen Taiyuan allegedly transferred all 80,000 USDT belonging to the company to his personal Cold Wallet and has long subjected co-founder Xu Jingteng and employees to violent behavior, causing shock in the crypto industry. According to the Taipei City Criminal Investigation Division, Chen Taiyuan allegedly took advantage of Xu Jingteng's trip abroad to unilaterally reset the multisignature permissions of the company's Cold Wallet and embezzled the assets inside it. After receiving the report, the Taipei police executed a search at Chen Taiyuan's residence in Neihu at the end of November with a search warrant, seizing various office supplies he had moved from the company, including a computer tower, a sofa chair, and an expensive ergonomic chair. It was also found that Chen Taiyuan only drank “Bubbling alkaline mineral water”, so dozens of boxes of mineral water were discovered at his home. It is understood that Chen Taiyuan told the police that he was still a shareholder of the company, and these items were originally “personally owned” by him, brought home for remote work and convenience in auditing. As for instructing employees to hand over the company credit card to him for purchases, it was because he had previously advanced payments for the company multiple times and was currently reconciling accounts. However, police investigations revealed that Chen Taiyuan indeed used technical privileges to transfer virtual money worth over 2 million NTD from the company account to his personal Cold Wallet. The police have seized all of these assets and frozen related cryptocurrency accounts, continuing to investigate whether there were other embezzlement actions. Chen Taiyuan has already been detained for charges including “theft”, “business embezzlement”, “breach of trust”, and “obstruction of computer use”. QuantTrend has temporarily ceased operations, and all approximately 30 employees have received layoff notices. Xu Jingteng issued a statement through a lawyer, stating that he will “fully cooperate with the judicial investigation” and will file a civil claim against Chen Taiyuan. From the aura of a “startup genius” to being accused of losing control, Chen Taiyuan was active in the Asia-Pacific venture capital circle as a graduate student from the Department of Electrical Engineering at National Taiwan University and co-founder of 17 Live and early famous exchange Cobinhood. His brilliant achievements led him to be called a “startup genius”. Chen Taiyuan, Xu Jingteng, and Dai Zhiyang jointly founded QuantTrend in 2020, focusing on high-frequency strategies for Bitcoin and Ether contracts, with daily transaction volumes once ranking among the top three in the world. However, prosecutors pointed out that since August 2023, internal conflicts have frequently occurred, and Chen Taiyuan is suspected of emotional fluctuations, having beaten the CTO multiple times and thrown furniture and laptops at Xu Jingteng. It is reported that at the end of 2022, a female employee from another company on the 101st floor found Chen Taiyuan hiding in the women's restroom for over 20 minutes, and when security personnel arrived, he claimed he changed to the women's restroom because the men's restroom was full. The labor department also received complaints from female employees of QuantTrend, stating that Chen Taiyuan had repeatedly barged into the women's restroom and requested “companionship”, suspected of workplace harassment. Regarding personal finances, colleagues at QuantTrend claimed that due to Chen's personal expenses soaring, exceeding one million per month, he even requested employees to hand over their personal credit cards for his use, with a single month reaching as high as 500,000. Chen Taiyuan argued to the police that these expenses were “previously advanced payments for the company” and were still being reconciled, but the police and company completely disagreed with this statement. Rumors suggest that Chen Taiyuan may have emotional issues but did not seek professional help, which may be part of the reason for his chaotic behavior. He has yet to respond or clarify externally. QuantTrend may end operations or restructure amidst this turmoil, and the founders face an unimaginable outcome, bringing their partnership to an end. Related reports: Uncle's drop to zero history: from successful entrepreneurship to “throwing three small things” high-leverage naked swimming gambler. The poison of TradFi invades, and the crypto industry is filled with ordinary entrepreneurial projects. <QuantTrend's Chen Taiyuan involved in embezzling public funds! 80,000 U transferred to his own wallet, violently beating partners, hiding in women's restroom for workplace harassment…> This article was first published in BlockTempo, the most influential blockchain news media.