According to a report from 21st Century Business Herald, the Chaoyang Branch of the Beijing Public Security Bureau announced on October 12 that the police have officially launched an investigation into alleged illegal activities involving companies affiliated with CreditEase. Several suspects, including the actual controllers Tang (male, 53) and Zhao (female, 51), have been subjected to criminal coercive measures. Previously, CreditEase Group had halted payments for quasi-fixed income products and stated in an apology letter that the group might be insolvent, with a significant debt repayment gap. CreditEase has also made investments in the crypto and fintech sectors. Public financing records show that CreditEase and its affiliated investment funds participated in funding projects such as Circle, Figure, Matrixport, and Poko. CreditEase operates CreditEase Asset Management (Singapore) Pte. Ltd. in Singapore, which holds a Capital Markets Services license issued by the Monetary Authority of Singapore (MAS), allowing it to conduct fund management activities. https://(wublock123.com)/news/yixin-affiliate-investigated-linked-to-circle-matrixport-crypto-investments-69898