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Home›Crypto›Regulation›Taiwan sentences BitShine exchange ringleader to 22 ye…

Taiwan sentences BitShine exchange ringleader to 22 years in fraud case

Reported · Written up by our desk · Regulation

Taiwan has sentenced the alleged ringleader of a crypto exchange-linked criminal operation associated with BitShine to 22 years, according to The Block.

The outlet reports the case centers on a reported $39 million fraud, in which the defendant allegedly led a criminal group that used the BitShine exchange as a front.

The Block also says the group operated under the guise of BitShine, which had previously been registered with Taiwan's financial regulator, the FSC.

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Sources

The BlockTaiwan sentences BitShine crypto exchange ringleader to 22 years in $39 million fraud case: reports

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