In Taiwan, prosecutors charged 14 individuals linked to the BitShine exchange for conspiring with fraud groups to defraud more than 1,500 victims of NT$1.27 billion ($41 million). Investigators allege ringleader Shih and his associates used BitShine’s licensed status to conceal unlicensed operations, funneled victim funds into USDT, and laundered over NT$2.3 billion ($75 million) overseas. Prosecutors are seeking a 25-year prison sentence for Shih, while others who admitted guilt or agreed to return illicit gains may receive lighter penalties.

Meanwhile, Nigeria’s Economic and Financial Crimes Commission (EFCC) deported 102 foreign nationals of 60 Chinese, 39 Filipinos, and 2 Kazakhs, convicted of cyber-terrorism and internet fraud tied to fake cryptocurrency investments. The deportations follow the arrest of 792 suspects in Lagos last December, including 192 foreigners. Authorities say victims, mostly in the U.S., Canada, Mexico, and Europe, were lured through online romance scams and phishing schemes before being defrauded. Experts warn that foreign syndicates are exploiting Nigeria’s weak cybersecurity systems to run increasingly sophisticated global scams.