The local exchange "Bit Thinking Technology" with dozens of physical stores across Taiwan was simultaneously searched by criminal police nationwide on the 24th. It was reported that staff members might have collected cash for fraud groups and transferred purchased cryptocurrencies to scam groups. On the 25th, the police brought in Bit Thinking's person in charge, Shi Qiren, and six others, and after interrogation, they were transferred to the Shilin District Prosecutor's Office for violating anti-money laundering laws.
After the prosecutor's further interrogation, Shi, the person in charge, and two men named Yang and Wang were suspected of aggravated fraud and money laundering. With the fraud amount exceeding 100 million New Taiwan Dollars, they were today (26th) ordered by the Shilin District Court to be detained and incommunicado. The court noted that the three were at the core of the crime, with risks of colluding with accomplices and witnesses, and the circumstances were serious, warranting no leniency.
The other four brought in - a man surnamed Lo, a woman surnamed Liao, a woman surnamed Ye - were released on bail of 100,000 to 200,000 New Taiwan Dollars. A woman surnamed Lin was released on bail of 500,000 New Taiwan Dollars with residential restrictions, and a man surnamed Lin was released after questioning.
