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

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.