The 88 Club case has exploded into the crypto world! Plugging the USB bomb into the computer can destroy evidence. After all, the CEO and COO of Bitgin are suspected of Money Laundering involving 240 billion and have been prosecuted.

There are new developments in the highly followed 88 Mansion Money Laundering case in Taiwan last year. According to reports, the prosecutor has indicted 27 people, including Yang Sheng's responsible person Li Jingkuan, Humor's responsible person Xu Zhixiang, and others. Including the chief operator of the Taiwan Cryptocurrency exchange 'Bi Jing Bitgin' registered as Bi Jing Technology, Zhang Yuting Jasmine, the CEO Zhang Hanlin (Zhang Yuting's brother), and the major shareholder Liu Yusen, also known as 'Big Brother Liu'. In addition, the entire case also seized more than 300 million yuan from Humor's company account and its real estate, and froze nearly 200 million yuan of account funds from companies such as Yang Sheng and Bi Jing. According to the indictment, Yang Sheng's third-party payment company provided various gaming funds access platforms from 2020 to 2023, and charged a fee of 0.4% to 0.7%, and then brought the cash to Money Laundering sites including Ruisen Pawnshop, and finally withdrew the money under the names of 'White Hand Association', 'Animal Protection Association', and 'Fitness Association' to create money flow breakpoints. Among them, because the Yang Sheng Group had a large amount of daily USDT processing demands, Tu Chengwen sought the help of Liu Yusen, and indirectly met Zhang Yuting, and in 2021, Bi Jing Bitgin was established as a company, with Zhang Yuting as the chief operator and Zhang Hanlin as the CEO, and Tu Chengwen responsible for salary distribution. The prosecution also pointed out that Zhang Yuting established the Telegram 'USDT Bump Group' to facilitate Virtual Money transactions, and applied for the 'TMe8' Wallet for the use of the Yang Sheng Group, thus forming a Money Laundering cycle to conceal illegal money flows and destinations such as online gaming or underground remittances, which involves violations of the Money Laundering Prevention Act. Yang Sheng is also the first third-party payment provider to be canceled and deregistered by the Digital Department. In addition, an unnamed industry expert mentioned in an interview with BlockTempo that Bi Jing Bitgin had been targeted by the prosecutor due to rumors of longer sources involving several cases in the past, and during the low-key investigation process by the police, they witnessed its participation in the anti-Money Laundering declaration and VASP industry union, which surprised the police, and now the prosecution has responded to the possibility of the news being true. The Financial Supervisory Commission announced the completion of the declaration of compliance with the Money Laundering Prevention Act for virtual currency platforms and trading businesses. On the other hand, when the prosecutor searched Ruisen Pawnshop, they also found a USB labeled 'Internal Account', but in fact, it was a 'USB bomb', a device that can cause damage to computer circuits. If it is plugged into a computer, the electromagnetic records of public institutions will be destroyed. Fortunately, the task force discovered it in time and did not fall into the 'account checking' trap.