Taiwan, China dollar of China wanted to collude with technology to defraud and launder 2.3 billion New Taiwan dollars, and the mastermind was sentenced to 22 years' imprisonment

According to the Lianhe Zaobao, Taiwan, China's virtual currency merchant tried to collude with fraud groups to launder NT $2.3 billion, causing more than 1500 people to be cheated. The local court found that the person in charge of Binance Technology, Shi Qiren, failed to complete the money laundering prevention registration and illegally provided USDT trading services. Shi Qiren was sentenced to 22 years in prison and had his criminal proceeds confiscated, totaling NT $43.73 million.