Taiwan prosecutors charged defunct exchange BITGIN, its parent company executives, and 10 others over an alleged 2023 USDT-linked fraud and money laundering scheme involving more than NT$150 million and 46 victims.
Taiwan prosecutors charged defunct crypto exchange BITGIN, executives of its parent company, and 10 other people in connection with an alleged 2023 fraud and money laundering scheme tied to USDT. Prosecutors said the case involved more than NT$150 million and 46 victims. According to the allegations, the proceeds were moved through crypto wallets and offshore exchanges to conceal their origin. Two executives could face prison terms of up to 12 years.