Taiwan Charges 14 in Record $72 Million Cryptocurrency Laundering Scheme

Prosecutors have indicted 14 individuals in a record-breaking cryptocurrency money laundering case involving over 1,500 victims and $70 million in illicit funds. The Shilin District Prosecutor’s Office filed charges related to fraud, money laundering, and organized crime, seeking the confiscation of assets worth $39.8 million – including $1.8 million in cash and luxury cars – allegedly acquired through victims’ initial investments.