bitgin

The Taiwanese prosecutors have indicted a defunct cryptocurrency exchange "BITGIN" and the heads of Bijing Technology, Liu Yusen, CEO Zhang Hansen, and COO Zhang Yuting, among a total of 10 people, with the Zhang siblings potentially facing 12 years in prison.Prosecutors allege that the company collaborated with a fraud group, implementing scams and money laundering by providing USDT and coordinating with "fake currency dealers" to exchange cash offline. The case involves 46 victims, with the fraud amount exceeding NT$150 million, and related funds were transferred through cryptocurrency wallets and overseas exchanges to conceal their origins.

According to UDN, the Taiwanese prosecutors have indicted a defunct cryptocurrency exchange "BITGIN" and the heads of Bijing Technology, Liu Yusen, CEO Zhang Hansen, and COO Zhang Yuting, among a total of 10 people, with the Zhang siblings potentially facing 12 years in prison.Prosecutors allege that the company collaborated with a fraud group in 2023, implementing fraud and money laundering by providing USDT and facilitating cash transactions with "fake currency dealers" offline. The case involves 46 victims, with the fraud amount exceeding NT$150 million, and the related funds were transferred through cryptocurrency wallets and overseas exchanges to conceal their source.

ChainCatcher message, the Hong Kong Monetary Authority has issued a statement on its official website stating that BitGinko has not been authorized to conduct banking business in Hong Kong. According to the Hong Kong Banking Ordinance, BitGinko has not obtained authorization from the Hong Kong Monetary Authority and has not been permitted to establish a local representative office.The Hong Kong Monetary Authority reminds users to be cautious of BitGinko, HongKong BTC Bank websites, and social media accounts on X, Facebook, Instagram, etc.