PANews August 22 news, according to BlockTempo, CoinW exchange has been involved in money laundering in collusion with fraud groups, with an amount involved reaching 2.3 billion New Taiwan Dollars, and over 1,500 victims. The Shilin District Prosecutors Office in Taiwan has concluded the investigation, prosecuting the person in charge, Shi Qiren, and 14 others, seizing 640,000 USDT, Bitcoin, TRX, and cash assets. Shi Qiren is accused of organized crime, aggravated fraud, and money laundering, facing a request for a 25-year prison sentence, while other involved individuals are recommended for lighter sentences or probation.