[CoinW Involved in Money Laundering of 2.3 Billion TWD, 14 People Indicted] According to reports, the cryptocurrency exchange platform CoinW is suspected of assisting fraud groups in laundering 2.3 billion TWD, with over a thousand victims. The Shilin District Prosecutors Office in Taiwan has indicted the person in charge, Shi Qiren, along with 13 others, seizing 60.49 million TWD in cash and 640,000 USDT, and has filed for the confiscation of 1.275 billion TWD in criminal proceeds. Shi Qiren and others are accused of illegally providing virtual asset services through CoinW and its affiliated outlets without approval from the Financial Supervisory Commission. The court is considering sentencing Shi Qiren to 25 years in prison.