Taiwan’s Criminal Investigation Bureau has opened what officials describe as the island’s largest crypto-related money-laundering investigation, alleging that a fraud syndicate funneled about $75 million through the CoinW virtual-asset exchange over the past year. Prosecutors say 14 people helped convert cash into digital tokens and move the proceeds offshore, affecting at least 1,539 victims. Investigators executed search warrants this week and seized computers, mobile phones and account records tied to the suspects, who are being questioned on possible violations of anti-money-laundering and fraud statutes. Authorities did not disclose whether CoinW staff are implicated, but said they are cooperating with overseas agencies to trace the funds and identify additional accomplices.
TAIWAN PROBES $75M MONEY LAUNDERING VIA COINW Taiwan prosecutors are investigating their largest-ever money laundering case involving the CoinW crypto exchange, where 14 individuals aided a fraud ring. The suspects allegedly laundered $75M over a year, targeting more than 1,539 https://t.co/vf9Ceo5FfI https://t.co/HEMLnobJmM
Taiwan prosecutors charge 14 suspects in $41 million BitShine crypto fraud: reports https://t.co/0P9DPZu41m
🚨JUST IN: TAIWAN PROBES ITS LARGEST-EVER CRYPTO MONEY LAUNDERING CASE—$75M LAUNDERED VIA COINW, 1,539 VICTIMS HIT