Currency Exchange Money Laundering 150 Million! Virtual Currency Goddess Siblings Face 12-Year Prison Sentence, Accomplice Lawyer Covers for Fraud Ring

BITGIN Exchange COO Zhang Yuting and her brother Zhang Hansen, who serves as CEO, are suspected of covering up a scam group and laundering 150 million yuan through cryptocurrency. They face a 12-year prison sentence requested by prosecutors. Once a top student who taught police how to trace crypto flows, she has now become an accomplice in money laundering, which is truly regrettable.

BITGIN Launders 150 Million Yuan; Siblings Face 12 Years in Prison

Taiwan’s cryptocurrency exchange BITGIN was involved in a high-level money laundering case in 2025. After ongoing investigations, prosecutors formally charged ten individuals involved on March 13, 2026.

Claimed as the “Virtual Currency Goddess,” COO Zhang Yuting and her brother Zhang Hansen, who is the CEO, are accused of using a legitimate exchange to cover up a scam group, laundering a total of 150 million yuan. Both siblings are charged with fraud, money laundering, and other crimes, with prosecutors seeking a heavy sentence of 12 years.

The case also includes lawyer Zheng Hongwei, suspected of shielding the scam group. Prosecutors have requested appropriate sentencing, while Liu Yusen, the actual person responsible for BITGIN, is demanded to serve 8 years.

Prosecutors Reveal Crime Division, Lawyer Involved in Receiving Scam Funds

According to United News and Flow News, the laundering network involving BITGIN is highly organized.

Liu Yusen was responsible for recruiting Zhang siblings to operate BITGIN. In 2021, the siblings opened accounts on Binance, providing scam member Hu Chongxian with large amounts of Tether (USDT).

Hu Chongxian transferred funds to fake coin traders, while co-conspirator You Shaoyu provided TRX tokens on the Tron network as transaction fees. Additionally, lawyer Zheng Hongwei, besides defending scam operators and leaking information, was involved when scam member Huang Xinyou transferred stolen funds to his personal wallet, withdrawing 180,000 yuan in cash and giving it to Zheng as legal fees, thus involving him in money laundering.

Connecting Underground Exchange Groups to Disrupt Money Flow and Interfere with Investigations

Reviewing the case timeline, it is closely related to the “88 Clubhouse” money laundering case involving Ruisen Silver Shop owner Tu Chengwen. Tu established Yangsheng Group to handle up to 247.6 billion yuan in underground money flows, with Zhang Yuting as the core operator.

The scam group advertised on social media, luring victims to download fake investment apps. After victims handed over cash, the scammers transferred Tether to overseas exchanges.

To obstruct investigations, Hu Chongxian and others frequently transferred up to 3,767,185 USDT between June and September 2023, crossing multiple crypto wallets to deliberately create multiple money flow breakpoints.

• Related report: 88 Clubhouse exposes police scandal! Detective Chief allegedly aiding money laundering? BITGIN executives involved in assisting crypto flow

Formerly invited to teach at the Criminal Investigation Bureau, a top student from NCCU becomes a scam group accomplice

The core figure in the BITGIN money laundering case, Zhang Yuting, has an impressive background. She is a graduate of National Chengchi University, with a strong interest in cryptocurrencies, self-taught in the field. She is skilled in crypto chain-swap techniques, reducing transaction fees, and was heavily relied upon by Yangsheng Group, earning a monthly salary of 100,000 yuan.

With her expertise, Zhang Yuting was once invited to give lectures at the Criminal Investigation Bureau, guiding police on how to trace and investigate crypto transactions. Unfortunately, her skills were not used for legitimate purposes; she used her knowledge to help criminals hide illegal proceeds, ultimately becoming an accomplice to the scam group.

Further Reading:
Taiwan exchanges also to help fight scams! Financial Supervisory Commission plans to include VASP in anti-scam measures, linking crypto and fiat flows

This article is compiled by Crypto Agent from various sources, reviewed and edited by Crypto City. Currently in training, there may be logical errors or inaccuracies. Content is for reference only; do not consider it investment advice.