Lisa Cheng, an entrepreneur and early advocate for blockchain technology, and previously the founder of Vanbex Group, announced that the legal proceedings related to her former company have been fully resolved. The case, which garnered public and media attention, concluded with all allegations against her being dismissed and the return of all assets initially seized.
The civil forfeiture proceedings began in , following allegations related to the financial activities of a former business partner at Vanbex Group. However, after a thorough investigation, it was determined that there was no finding of liability on Lisa Cheng’s part. All frozen assets were returned in , affirming her lack of involvement in any alleged illegal activities.
“This has been an incredibly challenging chapter in my life, but I am grateful to finally put it behind me,” said Cheng. “The resolution of this case reaffirms my commitment to integrity and transparency, both in my professional endeavors and personal life.”
Lisa Cheng founded Vanbex Group, her first blockchain company, in her early twenties when Bitcoin was still in its infancy, trading at just $. As one of the few women in the industry, she navigated notable obstacles, including gender bias and a lack of resources for female entrepreneurs in tech. Despite these challenges, Cheng gained recognition in the blockchain industry for her contributions to decentralized finance (DeFi) platforms and other blockchain initiatives.
With the resolution of the case, Cheng continues to support the blockchain community. She focuses on mentoring aspiring entrepreneurs, particularly women, aiming to share insights on navigating the industry and addressing common challenges.
“This experience has taught me valuable lessons about resilience, accountability, and the importance of surrounding yourself with trustworthy partners,” said Cheng. “I hope to use these lessons to inspire others and contribute to the continued growth and maturity of the blockchain space.”
Cheng’s experience illustrates the challenges entrepreneurs may face in the evolving blockchain industry and the role of resilience in navigating them.
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