Liangqu Technology's Xu Jingteng issues statement refuting "embezzling NT$100 million in public funds": I lent over NT$100 million to help the company through tough times!

Quantrend Technology Co-Founders Accuse Each Other: Former General Manager Xu Jing-Teng Responds to Chen Tai-Yuan’s Allegations of “Embezzling Over NT$100 Million,” Calling Them Completely Unfounded—Claims He Actually Lent Over NT$100 Million to the Company

(Previous context: Exclusive — Quantrend Technology’s Chen Tai-Yuan Issues Statement: Former General Manager Xu Jing-Teng Involved in Embezzling Over NT$100 Million! I Am Being Attacked Without Evidence)
(Background supplement: Quantrend Technology’s Chen Tai-Yuan Accused of Misappropriating Company Funds! Transferred 80,000 USDT to Own Wallet, Assaulted Partner, Hid in Women’s Restroom to Harass at Workplace…)

Internal disputes at well-known local quantitative trading company Quantrend Technology have intensified. After co-founder Chen Tai-Yuan was accused of misappropriating company funds and publicly responded that he was merely sorting out accounts, he in turn accused fellow co-founder Xu Jing-Teng of embezzling over NT$100 million. Today (the 4th), Xu Jing-Teng hit back, calling the accusations “false” and sternly denying them. Both parties are currently locked in mutual accusations.

Xu Jing-Teng Issues Statement Denying “Embezzlement of Company Funds”

BlockTempo received a lawyer’s statement from Quantrend’s former GM Xu Jing-Teng, in which he firmly denied any illegal handling of company funds, virtual assets, or offshore accounts during his tenure. He stated that all past financial flows were fully approved internally, with accounting vouchers and bank transaction records available for verification.

Xu also categorically denied Chen Tai-Yuan’s public accusations of “embezzling over NT$100 million” and “large sums of money unaccounted for.” He further explained that when the company was facing cash flow shortages, he personally loaned money to the company to support its operations, with cumulative loans exceeding NT$100 million. These loan contracts, bank transfer details, and related evidence are all documented and traceable. Xu expressed frustration that, despite using his own funds to help the company through financial difficulties, he is now being falsely accused of embezzlement. He stated he must clarify this publicly and reserves all legal rights against the false accusations.

Xu Jing-Teng also provided several loan agreements made with the company, stating that these loans are factual and that he is the largest creditor of Quantrend Technology.

Quantrend Technology Co-Founders Accuse Each Other

Quantrend co-founder Xu Jing-Teng, who came from a business background and excelled at client development, fundraising, and organizational management, originally partnered with “startup prodigy” Chen Tai-Yuan, who is skilled in quantitative trading technology and crypto assets—a highly complementary team. Together with tech expert Dai Chih-Yang, they founded Quantrend Technology, forming the “golden triangle” behind its rapid rise. Now, however, the trio has split, accusing each other of asset embezzlement, shocking friends in the domestic fintech community.

More than 30 Quantrend employees have also lost their jobs, all laid off due to the infighting at the top. Reportedly, some employees are dissatisfied with the severance terms, admitting they were shocked by the sudden halt in company operations, and hope to negotiate further compensation and salary details with the company.

Currently, both Chen Tai-Yuan and Xu Jing-Teng claim to have preserved relevant evidence and transaction records. Chen Tai-Yuan has already been investigated by prosecutors for transferring the company’s 80,000 USDT into his own wallet. Both parties are now embroiled in criminal charges and civil lawsuits, calling on the public and media to stick to the facts and refrain from spreading unsubstantiated rumors. The truth of the matter awaits judicial clarification.

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〈Quantrend Technology’s Xu Jing-Teng Issues Statement Denying “Embezzling NT$100 Million in Company Funds”: I Lent Over NT$100 Million to Help the Company Through Hard Times!〉 This article was first published by BlockTempo, the most influential blockchain media outlet.