Will the 6.58 million Gate.io users be affected? The latest statement after the parent company's closure: 100% of the funds will be managed by trust services as usual, but market confidence has been severely damaged.

The parent company of JKOPay, JKOFIN Tech, was subject to a major court seizure yesterday (10th), raising concerns about the safety of funds among its 6.58 million users. JKOPay issued an urgent statement confirming the safety of funds, facing a test of market confidence. (Background: The central bank publicly elaborated on the "retail CBDC" - a new digital NT dollar available to everyone! Anonymous wallets require mobile verification.) (Additional context: Vitalik Buterin: The single ZK identity in Taiwan and World ID poses risks, and we must move towards diverse digital identities.) Yesterday afternoon (10th), JKOPay, one of Taiwan's leading electronic payment platforms, saw its parent company, JKOFIN Tech, forcibly seized by the Taipei District Court, shocking its 6.58 million users. This sudden seizure stemmed from a dispute over a NT$3.6 billion equity transaction between JKOFIN Tech and Taishan Enterprises, where the court deemed the transaction invalid and demanded the return of funds. Following the incident, many users expressed concerns about their rights being compromised. JKOPay also issued a statement last night, emphasizing that the platform and its parent company are legally independent, and a 100% trust mechanism is in place to ensure user fund safety, attempting to soothe external doubts. The civil case involving the parent company has no direct correlation with the operations of the subsidiary JKOPay, thus user rights, merchant cooperation, and overall service status remain "completely normal and unaffected." An emergency notice for working from home left the office empty. According to Taiwanese media reports, on the day of the seizure, JKOFIN Tech suddenly notified all employees to work from home, and the sign on the first floor was removed. Many employees received the temporary notice only that morning, citing "construction work upstairs" as the reason, but the general consensus is that it is directly related to the court seizure action. Footage showed that when the judicial officers arrived at headquarters at 2:30 PM, almost no employees were present, and the office appeared unusually quiet. The financial flows and legal battles behind the equity dispute. This incident traces back to 2023, when JKOFIN Tech sold 40% of its equity for NT$3.6 billion to Taishan Enterprises. Subsequently, the new management team at Taishan deemed the transaction invalid and filed a lawsuit, with the court ruling in May 2025 that JKOFIN Tech must return NT$3.6 billion plus interest. According to Yahoo News reports, when the court executed the seizure, it found that most accounts were either cleared or had nearly zero balances, leaving the whereabouts of the NT$3.6 billion funds a mystery. Taishan has stated that it will continue to pursue relevant responsibilities, even considering a request for the detention of founder Hu Yijia. Market confidence tested: how will JKOPay protect itself? In the face of public pressure, JKOPay reiterated in last night's statement that it is supervised by the Financial Supervisory Commission, and all funds are fully entrusted, asserting that the legal dispute of the parent company will not affect user rights or platform operations. However, the competition in Taiwan's electronic payment market is fierce, and trust is key to survival. While there has been no apparent damage to user funds from this incident, it has already posed a challenge to brand confidence. In the future, how regulators and investors view the risk isolation mechanism between the parent and subsidiary companies will be worth observing. Related reports: From privacy evangelist to "money laundering" defendant, Tornado Cash co-founder Roman Storm faces a fateful judgment. Why do stablecoins need privacy? The larger the market capitalization, the more nightmares there are. A new proposal for Ethereum: modular architecture + privacy enhancements to comply with EU GDPR data regulations, what are the features? "Will the 6.58 million JKOPay users be hurt? The latest statement after the parent company was seized: 100% trust service for funds continues, but market confidence has been severely damaged." This article was first published in BlockTempo, the most influential blockchain news media.