Policy
Taiwan Crypto Fraud Sentencing: A Licensed Exchange Hid a $71M Crime Ring
The Cryptonomist·July 18, 2026·1 min read
A Taiwan court sentenced the ringleader of the BitShine platform to 22 years in prison for using a registered crypto exchange as a front for organized crime. The Shilin District Court convicted Shih in one of the country's most significant crypto fraud cases, which involved a $71 million crime ring hidden behind the licensed exchange.
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