Taiwan has sentenced the alleged mastermind behind the BitShine crypto exchange to 22 years in prison after finding he led a fraud and money laundering operation that prosecutors said caused more than NT$1.27 billion ($39 million) in losses to over 1,500 victims.
Summary
- A Taiwan court has sentenced the BitShine crypto exchange ringleader to 22 years in prison over a NT$1.27 billion fraud and money laundering scheme.
- Prosecutors said more than 1,500 victims were defrauded after funds were converted into USDT and moved overseas through the exchange.
- The ruling comes after Taiwan approved a new licensing framework that strengthens oversight of crypto exchanges and stablecoin…
