Taiwanese prosecutors have charged 14 individuals in connection with the country’s biggest crypto money laundering case involving approximately $75 million. The scheme, orchestrated by Shi Qiren and associates, operated more than 40 fake CoinW exchange franchises. They defrauded over 1,500 investors by exploiting regulatory loopholes, converting funds into cryptocurrency, and transferring assets internationally. Authorities have seized significant assets and cash while pursuing the confiscation of criminal proceeds. This case highlights growing money laundering risks across the Asia-Pacific crypto sector amid rising regulatory crackdowns.
Continue to read Taiwan Uncovers Largest Crypto Laundering Scheme Worth $75 Million Through Fake CoinW Franchises
Taiwanese prosecutors have charged 14 individuals in connection with the country’s biggest crypto money laundering case involving approximately $75 million. The scheme, orchestrated by Shi Qiren and associates, operated more than 40 fake CoinW exchange franchises. They defrauded over 1,500 investors by exploiting regulatory loopholes, converting funds into cryptocurrency, and transferring assets internationally. Authorities have seized significant assets and cash while pursuing the confiscation of criminal proceeds. This case highlights growing money laundering risks across the Asia-Pacific crypto sector amid rising regulatory crackdowns.
Continue to read Taiwan Uncovers Largest Crypto Laundering Scheme Worth $75 Million Through Fake CoinW Franchises
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