Taiwan investigates triad members for crypto mine fraud

  protos.com 50 m

Suspects in Taiwan believed to be involved in the country’s largest organized crime group are under investigation for allegedly stealing NT$100 million (US$3.2 million) in a promised crypto mine expansion that conned hundreds of investors out of their funds, local media reports.

The Taipei City Police Department alleges a man surnamed Chang orchestrated the scam with 11 others. Police say Chang is reportedly a member of the Bamboo Union, the largest of Taiwan’s criminal triad gangs that often refer to themselves as “businessmen.”

As reported by Focus Taiwan, police accuse Chang of tricking the owner of a crypto mine into entrusting himself and his group with finding investors for a new, second crypto mine.

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