Steaker Faces Legal Action for Alleged Illegal Fundraising

Digital asset management platform Steaker is under investigation following allegations of illegal fundraising practices, amounting to approximately NT$1.48 billion over three years. The Taipei District Prosecutors Office has filed charges against Steaker and its founder, Huang Weixuan, along with three others. Steaker maintains that they are innocent and have issued a statement clarifying their position. They emphasize that virtual assets are not legal tender, and merely provide virtual asset allocation services without accepting legal currency or offering exchange services. This explanation seeks to address the allegations in full.