Taiwan Court Jails Cointhink Fraud Leader for 22 Years After USDT Scheme Hit 1,539 People

A Taiwan court sentenced the leader of the Cointhink Technology crypto fraud ring, a man surnamed Shih, to 22 years in prison. The scheme, involving USDT, defrauded 1,539 people. A total of 14 individuals were indicted in connection with the operation that exploited deceptive credentials to victimize investors.