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13.10.2018 | 15:08
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NEW YORK, NY / ACCESSWIRE / October 13, 2018 / On Oct 12th, Bloomberg News published an article entitled "Crypto Exchange Sues Former Employee Over Seizure of Platform". Later, the plaintiff mentioned in the article, Wanlin Wang (also known as Aries Wang) released a statement in his personal tweet to respond to this report:

The details are as follow:

I, Wanlin Wang, feel deeply disappointed regarding the false information and unauthorized, untruthful quotations provided in a recent article from Bloomberg, by Erik Larson.

I hereby solemnly declare that,

  1. I have never been interviewed by Bloomberg or anyone affiliated with Bloomberg, all the quotations in the article are never said or even known of by me. None of the quotes and claims in the article represents my own words or will;
  2. As the co-founder of Bibox Holding Group Ltd., my line of works and responsibilities are Bibox investments, BiboxLab, and Bibox North America consulting services. I am not in charge, nor do I have any control over or operational duties for any part of the digital asset platform.
  3. Investre Network is not in any way a subsidiary company of Bibox, at the time, Bibox was an institutional investor of Investre Network;
  4. I recognize the fact that I am in legal process with our former employee, Wei Liu, regarding her larceny and other serious misconducts. A formal complaint has been filed against Wei Liu in New York State Supreme Court.

In order to clarify this situation, our reporter had contacted Wang, here quotes his words: "Ignore that there are lots of inaccurate information in that article. First, like what I post in my twitter, neither did I take any interviews with Bloomberg, nor did I meet the reporter myself. I sincerely hope that they can stand up to clarify the truth and revise their article."

Besides, he also stressed that "Investre Network is not in any way a subsidiary company of Bibox, at the time, Bibox was an institutional investor of Investre Network." And Wei Liu was hired as the assistant of Wang at the beginning instead of helping with the launch of the new venture. "We have ample evidence for all the claims we had. All the allegations towards Wei Liu are supported by those evidence." The reason for this sue is not as simple as what mentioned in the article, "Liu has been planning this larceny for a long time. We found her intention and filed a lawsuit."

It is said that Wanlin Wang has submitted the lawsuit against Wei Liu to the New York court on this matter. "The court is the most honest facility of modern society, I believe that justice will be eventually served here."

As of press time, the official twitter of bibox.com forwarded Wanlin Wang's statement, and we will continue following the latest status.


Bibox was founded by Jeffery Lei, co-founder of OKCoin, and was officially launched in November 2017. Within a mere span of 6 months, Bibox has impressively climbed the ranks to become a Top-10 crypto exchange in the world in terms of transaction volume. Bibox has also established footprint across the world with operation centers in more than 10 countries and regions including Estonia, Switzerland, Singapore, Canada, China, Hong Kong, Japan and South Korea.

Bibox integrates AI technology into all aspects of its platform trading, carefully screening high-quality projects for users, and has received wide acclaim from both users and industry experts for its smooth trading experience and excellent customer service. As of October 2018, the number of Bibox users has exceeded 1 million. According to CoinMarketCap's statistics, Bibox has a consistent average 24-hour trading volume of $200 million.

Company Website: bibox.com
Name: Lesley Zhang
Contact: media_ia_release@bibox365.com
Company: Bibox New York, New York


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