According to Lianhe Zaobao, Taiwan-based cryptocurrency company (CoinX Technology) has been accused of colluding with fraud syndicates to sell USDT through 45 outlets, facilitating money laundering of over 2.3 billion NTD. This resulted in 1,539 victims losing approximately 1.275 billion NTD. The Shilin District Court's first-instance ruling found that the head, Shi Qiren, operated virtual asset services without completing anti-money laundering registration and was involved in 485 counts of aggravated fraud and money laundering. He was sentenced to 22 years in prison, with criminal proceeds of approximately 43.72 million NTD confiscated. https://(wublock123.com)/news/taiwan-coin-technology-money-laundering-ntd-2300m-mastermind-sentenced-22yrs-64794