[Bixiang Technology Colludes with Fraud Syndicate to Launder NT$2.3 Billion, Mastermind Sentenced to 22 Years in Prison] According to a report by Lianhe Zaobao, Taiwan's largest cryptocurrency company, Bixiang Technology, was accused of colluding with a fraud syndicate to launder NT$2.3 billion. The mastermind, Shi Qiren, who has ties to the Tiandao Alliance gang, was sentenced to 22 years in prison in the first trial. The report stated that Bixiang Technology collaborated with the fraud syndicate to sell USDT through 45 stores across Taiwan, leading to over 1,500 victims being defrauded. After deliberation, the district court issued its first-instance verdict on Thursday, determining that Bixiang Technology's head, Shi Qiren, failed to complete anti-money laundering registration and still illegally provided virtual asset services, sentencing him to one year and four months. Additionally, for 485 counts of aggravated fraud and money laundering, separate sentences were issued, with a combined execution of 22 years in prison, and NT$43.73 million in criminal proceeds was confiscated.