Taiwan sentences BitShine ringleader to 22 years for $39M fraud
Covered by 5 sources · 5 articles
5 outlets - including Crypto-economy, Cryptotimes and Crypto and 2 more - are covering this story. TL;DR: Taiwan sentenced BitShine ringleader Shih to 22 years in prison for illegal virtual asset services, fraud and money laundering. Prosecutors identified 1,539 victims who lost more than NT$1.27 billion, or $39 million, while the group…
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BitShine Ringleader Gets 22-year Sentence for $39M Crypto Scam
TL;DR: Taiwan sentenced BitShine ringleader Shih to 22 years in prison for illegal virtual asset services, fraud and money laundering. Prosecutors identified 1,539 victims who lost more than NT$1.27 billion, or $39 million, while the group…
Taiwan Jails CoinThink Operator for 22 Years Over $39M Crypto Fraud
The Shilin District Court handed down the heavy sentence to mastermind Shih after finding him guilty of laundering funds through a fake legal exchange ring.
Taiwan court sentences BitShine founder to 22 years in $39M crypto fraud
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…
Taiwan sentences BitShine crypto exchange ringleader to 22 years in $39 million fraud case: reports
The defendant reportedly led a criminal group that operated under the guise of BitShine, which was once registered with the FSC.
Taiwan sentences BitShine ringleader to 22 years for $39M fraud
Taiwan's Shilin District Court sentenced BitShine ringleader Shi Qiren to 22 years for defrauding 1,500 victims and laundering $75M through USDT.