Main Suspect in BITGIN Crypto Exchange Money Laundering Case Prosecuted in Taiwan, China, Involving Over 150 Million NTD
Svmuu News: Prosecutors in Taiwan, China, have indicted a total of 10 individuals, including Liu Yusen, the head of the now-defunct cryptocurrency exchange "BITGIN" and its parent company, Bijin Technology, along with CEO Zhang Hansen and COO Zhang Yuting. The Zhang siblings face potential sentences of up to 12 years in prison. Prosecutors allege that the company collaborated with a fraud syndicate in 2023 to carry out scams and money laundering by providing USDT and coordinating offline cash transactions with "fake currency dealers." The case involves 46 victims, with fraudulent amounts exceeding 150 million New Taiwan Dollars. The related funds were transferred via crypto wallets and overseas exchanges to conceal their origins. (UDN)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
CortexDAO (CXD) Token Status Analysis and Future Development Challenges
-
2
Bitcoin vs. Ethereum: A Guide to the Strengths and Choices Between the Two Crypto Giants
-
3
BNB and Investment Banking Integration: Binance's Strategic Expansion into Traditional Financial Services
-
4
Cardano (ADA): Positioning and Outlook in the Future Financial System
-
5
2026 Digital Currency Regulated Trading Apps: A Review of Compliant and Secure Platforms
-
6
What is MSQ Coin? MSquare Global Token Analysis and Trading Channels
-
7
BitShares (BTS) Coin: Exchange Platforms, Founder, and Core Mechanism Analysis
-
8
In-depth Analysis of ImmutableX (IMX) Social Media Influence
-
9
MDA Coin: Moeda Loyalty Points Project Analysis and Market Status
-
10
Analysis of Top 10 Cryptocurrencies by Market Cap on OKX Platform (as of October 30, 2025)
Markets Today
Recommended Reading












