Odaily Planet Daily reported that according to Caixin.com, Kwai Bun, the founder, major shareholder and CEO of QMMM, a Hong Kong crypto treasury company that was ordered to suspend trading by the U.S. SEC, is 47 years old. He was born into an artistic family. His grandfather is Gui Mingyang, the master of one of the five major schools of Guangdong Cantonese opera. As a major shareholder of QMMM, the latest annual report shows that Kwai Bun holds 8.25 million shares of the company. Based on the price of US$119.4 per share before the suspension, the market value of his holdings reached US$985 million. Previously, Hong Kong media called Kwai Bun after QMMM was ordered to suspend trading. He immediately hung up the phone after learning that the call was from a reporter.

Earlier news reported that QMMM planned to establish a diversified cryptocurrency treasury with an initial scale of US$100 million. However, its Hong Kong headquarters was recently found to be empty. When inquiring with an employee of another nearby company, the other party said that the company had moved out in September and did not know where it had moved to.