Steaker founder Huang Weixuan posted bail of 3 million yuan, judge: suspicion is serious, but no need for detention

According to a report by CTWANT, Huang Wei-hsuan, the founder of the asset management platform Steaker, applied for release on bail after being detained in custody for 51 days. The judge ruled last week that although Huang is suspected of serious crimes, there is no need for detention. He was granted bail for 3 million NT dollars and his travel is restricted.

According to a report by CTWANT here, Huang Weixuan, the founder of the asset management platform Steaker, applied for release on bail to the Taipei District Court after being detained in custody for 51 days. The judge ruled last week that although Huang is suspected of serious crimes, there is no need for detention. He was granted bail of 3 million NT dollars and is restricted from leaving the country.

According to previous reports, after being interrogated by the prosecution on the night of December 21 last year, Huang Weixuan was detained and denied visits. The other 4 individuals involved in the case were released on bail with amounts ranging from 250,000 to 500,000 NT dollars.

As of now, Steaker has not provided any further explanation regarding the case, only announcing the suspension of its platform services on February 2nd until compliance operations are improved and the platform can resume.

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