Taiwan's Shilin District Court sentenced BitShine ringleader Shi Qiren to 22 years for defrauding 1,500 victims and laundering $75M through USDT.

Taiwan's Shilin District Court sentenced BitShine ringleader Shi Qiren to 22 years for defrauding 1,500 victims and laundering $75M through USDT.

The defendant reportedly led a criminal group that operated under the guise of BitShine, which was once registered with the FSC.