Taiwan dismantles a 2.3 billion Virtual Money fraud case, 14 people involved have been prosecuted.

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On August 22, according to reports, prosecutors in Taiwan have cracked down on the virtual currency实体店面 trading platform "Cointhink" Technology Company involved in fraud, with money laundering amounting to 2.3 billion TWD and over a thousand victims. Prosecutors launched a search operation in April, successively detaining the responsible person Shi Qiren and 13 others, seizing cash of 60.49 million TWD, 640,000 USDT, and other virtual assets. The Shilin District Prosecutor's Office today prosecuted 14 individuals for fraud, money laundering, and organization-related charges, and applied for the confiscation of criminal proceeds amounting to 1.275 billion TWD. Three detained defendants, including Shi Qiren, were transferred to the Shilin District Court today. "Cointhink" Technology Company illegally provided crypto asset services through an overseas trading platform not approved by the Financial Supervisory Commission and its more than 40 franchise stores in Taiwan.

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LiquiditySurfervip
· 08-22 08:03
The deep waters have already washed out, who still engages in unauthorized trading?
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ProofOfNothingvip
· 08-22 07:45
Another exchange has collapsed.
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All-InQueenvip
· 08-22 07:36
Suckers never blink.
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FrontRunFightervip
· 08-22 07:35
another dark forest exploit in action... classic front-running at scale tbh
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