Prosecutors in Taiwan have cracked a fraud case involving "Bixiang" technology company, laundering 2.30 billion Taiwan dollars
2025-08-22 07:36:02
On August 22nd, according to the United News Network, prosecutors in Taiwan, China have cracked the fraud case involving the virtual currency physical store trading platform "Bixiang" Technology Company. The money laundering amount reached 2.30 billion Taiwan dollars, and more than 1,000 people were victimized. Prosecutors launched a search operation in April, arresting 14 people including the person in charge, Shi Qiren, and seizing virtual assets such as 60.49 million yuan in cash and 640,000 USDT. The Shilin District Prosecutor's Office today indicted 14 people on suspicion of fraud, money laundering and organization, and applied for the confiscation of the proceeds of crime 1.275 billion Taiwan dollars. Three defendants in custody, including Shi Qiren, were transferred to Shilin District Court today. " "Bixiang" technology company illegally provides cryptocurrency services through an overseas trading platform that has not been approved by the Financial Supervisory Commission and its more than 40 franchise stores in Taiwan.
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