Blockchain Pioneer Lisa Cheng Cleared: Assets Returned, Case Dismissed
1min read The legal saga surrounding Lisa Cheng, a prominent blockchain entrepreneur, and her former company, Vanbex Group, has reached a resolution. The civil forfeiture case, which began in 2022, concluded with all allegations against Cheng being dismissed and the return of all seized assets.
The case stemmed from allegations related to the financial activities of a former business partner at Vanbex Group. However, a thorough investigation found no liability on Cheng's part. All frozen assets were returned in 2024, affirming her lack of involvement in any alleged illegal activities.
Cheng, who founded Vanbex Group in her early twenties when Bitcoin was still in its infancy, has been a trailblazer in the blockchain industry. As one of the few women in the field, she faced notable obstacles, including gender bias and a lack of resources for female entrepreneurs in tech. Despite these challenges, Cheng gained recognition 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. Cheng's experience illustrates the challenges entrepreneurs may face in the evolving blockchain industry and the role of resilience in navigating them.
