TechFlow News, March 15: According to UDN, Taiwan’s prosecutors have indicted 10 individuals—including the now-defunct cryptocurrency exchange BITGIN and its parent company Bijing Technology—as well as its responsible persons Liu Yusen, CEO Zhang Hansen, and COO Zhang Yuting (Zhang Hansen’s sister, who is separately charged in connection with the Yangsheng Group money-laundering case involving Huang Jin Dahuang (Golden Tycoon) and Ruisen Jewelry’s owner Tu Chengwen, amounting to NT$27.46 billion). Zhang Hansen and Zhang Yuting may face up to 12 years’ imprisonment. Prosecutors allege that in 2023, the company colluded with a fraud syndicate, facilitating scams and money laundering by supplying USDT and coordinating with “fake merchants” to conduct cash exchanges offline. The case involves 46 victims and over NT$150 million in fraudulent proceeds; the illicit funds were transferred via cryptocurrency wallets and overseas exchanges to conceal their origin.
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