⚡ Taiwan Unveils a Cryptocurrency Money Laundering Scheme
posted 1 Nov 2023
Taiwanese authorities have cracked down on the country's largest cryptocurrency money laundering case, involving a staggering $324 million. 4 individuals, including their leader, a suspect known as Chiu, have been arrested in connection with the elaborate scheme.
Reports indicate that the alleged criminals traveled to Hong Kong, the Philippines, Malaysia, and other locations to engage with local scam groups, aiding them in laundering illicit funds.
The illegal assets were converted into USDT (Tether) and transferred to foreign cryptocurrency exchanges or individual traders.
Reports indicate that the alleged criminals traveled to Hong Kong, the Philippines, Malaysia, and other locations to engage with local scam groups, aiding them in laundering illicit funds.
The illegal assets were converted into USDT (Tether) and transferred to foreign cryptocurrency exchanges or individual traders.
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