The main suspect in the money laundering case involving the cryptocurrency exchange BITGIN has been prosecuted in Taiwan, with the amount involved exceeding 150 million New Taiwan dollars
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According to UDN, the Taiwanese prosecutors have indicted a defunct cryptocurrency exchange "BITGIN" and the heads of Bijing Technology, Liu Yusen, CEO Zhang Hansen, and COO Zhang Yuting, among a total of 10 people, with the Zhang siblings potentially facing 12 years in prison.
Prosecutors allege that the company collaborated with a fraud group in 2023, implementing fraud and money laundering by providing USDT and facilitating cash transactions with "fake currency dealers" offline. The case involves 46 victims, with the fraud amount exceeding NT$150 million, and the related funds were transferred through cryptocurrency wallets and overseas exchanges to conceal their source.
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