The founder of Quantrend Technology (量趨科技) have accused each other, with former general manager Xu Jingteng officially responding to Chen Taiyuan's accusation of "embezzling over 100 million" stating that it is completely unfounded, and instead, he has loaned the company over 100 million. (Background summary: Exclusive) Chen Taiyuan of Quantrend Technology rebutted: Former general manager Xu Jingteng is involved in embezzling over 100 million! I have been attacked negatively without evidence.) (Background information: Chen Taiyuan of Quantrend Technology is involved in misappropriating public funds! Transferring 80,000 USDT to his own wallet, violently beating partners, hiding in women's restrooms to avoid workplace harassment..) The internal dispute at the well-known domestic quantitative trading company Quantrend Technology has intensified, following accusations against founder Chen Taiyuan of misappropriating public funds. Recently, he responded publicly denying that he was sorting accounts and instead countered that another co-founder, Xu Jingteng, had misappropriated public funds exceeding 100 million New Taiwan Dollars. Today (4th), Xu Jingteng retaliated again, calling it a "false accusation" and firmly denied it, with both parties currently in a mutual accusation stance. Xu Jingteng denied the claim of "embezzling public funds" in a statement from his lawyer, asserting that he had no involvement in illegal operations concerning company funds, virtual currency assets, and offshore accounts during his tenure, and that all previous financial dealings had complete internal approvals, accounting vouchers, and bank transaction records available for verification. Xu Jingteng further firmly denied Chen Taiyuan's external accusations of "embezzling assets worth over 100 million" and "large sums of money unaccounted for", explaining that during tight company operating funds, he had instead lent personal funds to the company to support its operations. The accumulated loans to the company have already exceeded 100 million New Taiwan Dollars, and there are records of these loan contracts and bank transfer details available for tracing. Xu lamented that he supported the company through financial difficulties with his own funds but was falsely accused of embezzlement, needing to clarify to the public and reserving all legal rights regarding the false accusations. Xu Jingteng also presented several loan contracts for loans previously made to the company, stating that these loans indeed exist, and he is the largest creditor of Quantrend Technology. The founders of Quantrend Technology accuse each other. Co-founder Xu Jingteng, originally from a sales background, is skilled in customer development, funding, and organizational management. Initially, he and "entrepreneurial genius" Chen Taiyuan, who is skilled in quantitative trading techniques and familiar with cryptocurrency, complemented each other very well. The two even brought in technical expert Dai Zhiyang to found Quantrend Technology, forming the golden triangle behind the rapid rise of Quantrend. However, now the three have split and are embroiled in accusations of embezzling company assets, surprising their mutual friends in the domestic fintech circle. More than 30 employees of Quantrend have also ended their positions through dismissal due to the mutual accusations among executives. It is reported that some employees are dissatisfied with the dismissal conditions and have openly stated that they were shocked by the abrupt situation and did not expect the company to hastily cease operations, hoping to negotiate more compensation and salary details with the company. Currently, both Chen Taiyuan and Xu Jingteng claim to preserve relevant evidence, detailed financial records, etc., while Chen Taiyuan has recently been investigated by the authorities for involving the transfer of 80,000 US dollar stablecoins into his own wallet. Both parties are now involved in criminal accusations and civil lawsuits, urging the external community and media to stick to the facts and not spread unfounded rumors. The truth of the incident still needs to be restored through the judiciary. Related reports: Financial Supervisory Commission's Peng Jinlong: Taiwan's stablecoins will be issued first by "financial institutions", with the earliest implementation in June 2026. Trump signs the "Taiwan Assurance Implementation Act", requiring the U.S. to regularly strengthen Taiwan-U.S. relations every five years. "Xu Jingteng of Quantrend Technology's statement refutes 'embezzlement of public funds of 100 million': I loaned over 100 million to the company to help it through difficulties!" This article was first published in BlockTempo (動區動趨 - the most influential blockchain news media).