PANews
PANews|Mar 15, 2026 03:02
[Main Suspects in BITGIN Crypto Exchange Money Laundering Case Indicted in Taiwan, Involving Over NT$150 Million] According to UDN, prosecutors in Taiwan have indicted the responsible parties of the now-defunct cryptocurrency exchange 'BITGIN' and BiJing Technology Company, including Liu Yusen, CEO Zhang Hansen, and COO Zhang Yuting (Zhang Hansen's sister, who is also implicated in the Yangsheng Group money laundering case involving NT$274.6 billion connected to Golden Tycoon and Ruishen Silver Building owner Tu Chengwen), along with eight others, totaling 10 individuals. The Zhang siblings may face up to 12 years in prison. Prosecutors accuse the company of collaborating with fraud groups in 2023, using USDT and facilitating in-person cash transactions with 'fake coin dealers' to carry out fraud and money laundering. The case involves 46 victims, with fraud totaling over NT$150 million. The related funds were transferred through crypto wallets and overseas exchanges to conceal their origins.
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