14 Individuals Charged in Taiwan’s $41 Million BitShine Crypto Fraud Case
TLDR
- Taiwan prosecutors charge 14 suspects in a $41 million BitShine crypto fraud case.
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The fraud group misused BitShine’s name to operate an unlicensed firm, Biying Technology.
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Victims were tricked into purchasing Tether, which was later laundered overseas.
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Prosecutors requested a 25-year sentence for the ringleader of the fraud operation.
Taiwan prosecutors have charged 14 individuals in connection with a major cryptocurrency fraud case involving the BitShine exchange. The scheme allegedly defrauded over 1,500 victims of NT$1.27 billion (approximately $41 million). The investigation, led by the Shilin District Prosecutor’s Office, revealed that the fraudsters operated under the guise of a legal and regulated…
