Taiwan Charges Suspects in Record $72M Crypto Laundering Scheme

Taiwan prosecutors indict 14 in $72M money laundering case with 1,500 victims

The post Taiwan prosecutors indict 14 in $72M money laundering case with 1,500 victims appeared on BitcoinEthereumNews.com. Update, Aug. 22, 12:54 pm UTC: This article has been updated to include CoinW exchange’s response to the indictment. Taiwanese prosecutors reportedly indicted 14 people in what they say is the country’s biggest-ever cryptocurrency money laundering case, involving more than 1,500 victims and over $70 million in illicit funds…

Taiwan Indicts 14 in $71.9M Crypto Laundering Scheme Tied to BiXiang Exchange

Taiwan indicted 14 people in its largest crypto laundering case, involving $71.9M and over 1,500 victims. Prosecutors seized $1.8M in cash, crypto assets, and luxury cars linked to the laundering scheme. Ringleader Shi Qiren faces up to 25 years in prison for fraud, laundering, and organized crime. Taiwanese prosecutors indicted 14 people in the country’s largest crypto money laundering case. Authorities said the group laundered NT$2.3 billion, …

Taiwan Cracks Down on the Biggest $72M Crypto Laundering Scheme

The Taiwan Prosecuting Department has exposed a crypto laundering scheme that caused over 1,500 people to lose $72 million. So far, the court has seized properties and frozen accounts tied to the scam, but more importantly, the lead in the scam has been sentenced to 25 years in imprisonment for his failure to admit to guilt. The Official Prosecuting Department in Taiwan has arrested 14 persons in a crypto scheme worth about $72 million. So far s…

Taiwan Indicts 14 In $72 Million Cryptocurrency Laundering Case - FinanceFeeds

Taiwanese prosecutors have indicted 14 people in what they describe as the country’s largest cryptocurrency money laundering case, involving more than 1,500 victims and illicit funds exceeding $70 million, according to local media reports. The Shilin District Prosecutors Office filed charges of fraud, money laundering, and organized crime, and has requested the confiscation of NT$1.27 billion ($39.8 million) allegedly obtained from victims. Pros…

Taiwan Exposes $72 Million Crypto Scam, 14 Face Indictment

Taiwan Shilin District Prosecutor’s Office has indicted fourteen individuals accused of running a cryptocurrency laundering scheme, according to a report by UDN, a local news outlet.