PANews reported on October 17th that regarding the suspected absconding of QMMM, the first DAT company, Zhao Changpeng stated on the X platform that all digital asset reserve (DAT) companies should use third-party cryptocurrency custodians with investor-audited accounts. This is a prerequisite for YZi Labs to invest in any BNB-related DAT companies.

Earlier news, Caixin reported that Hong Kong's crypto treasury company QMMM has been suspended and its office is deserted .