The '88 Club money laundering case' involving three police officers has further revealed that more than 10 police university students also participated in moving bricks Arbitrage, and the prosecution does not rule out a second wave of searches and summons.

After three police officers of the New Taipei City Police Department were involved in the 88 Hall Tether Money Laundering case, it was recently revealed that more than 10 students of the police university at the same time also participated in similar investments (brick moving Arbitrage), and it is not ruled out to conduct a second wave of searches and interviews. (Synopsis: 88 Guild Hall Case" 3 police involved in helping Money Launderingk billion!) EncryptionWallet showed a huge amount of gold, and Bitgin testified in court) (Background supplement: The police are involved in Cryptocurrency Money Laundering? Beijian searches for multiple police officers, can USDTWallet lock identity? The Tucheng Branch of the New Taipei City Police Department recently revealed that three police officers have been prosecuted and investigated for allegedly using Tether (USDT) for Money Laundering, and have now been handed over on bail. According to reports, the case involves the head of Ruisen Silver Building in connection with the Money Laundering case of 88 Guild Hall, Tu Chengwen, and his Taiwanese cryptocurrency exchange "Bitgin". As the investigation progressed, the outside world also questioned that the case may be related to changes in high-level personnel in the police circles, and the Taipei District Prosecutor's Office has become a tool for infighting in the police community. Case summary: Tether funds flowed into the exchange controlled by the "gold tycoon" On January 15, the Taipei District Prosecutor's Office directed the Police Department Inspectorate and the New Taipei City Police Department to conduct a large-scale search of the Tucheng Branch and the Criminal Bureau, bringing back for interrogation the investigation team leader surnamed Huang of the Tucheng Bureau, and the investigation of the surname Zhang and Wu of the Criminal Bureau, accusing the three of them of having abnormal money flowing into the "After All exchange" closely related to Tu Chengwen, known as the "Godfather of Money Laundering", suspected of violating "Money" Laundering Prevention Act". In the end, the three paid bail for 500,000 yuan, and the captain of the investigation team surnamed Huang was transferred from his current position. According to TVBS, after the first wave of investigations, three police officers said that their investment in Tether in 2022 for "Arbitrage transactions" was purely legal and had no intention of getting involved in Money Laundering. And it is reported that more than 10 students of the police university have also participated in similar investments (moving bricks Arbitrage), and it is not ruled out to conduct a second wave of searches and interviews. Behind the case: Police personnel transfer and timing of investigation raise questions Another person familiar with the matter revealed that the investigation of the case has been more than a year, and the first wave of searches was originally planned to be launched before the high-level personnel changes in the police on January 13 to highlight the internal discipline problems of the criminal police force and thus affect personnel arrangements. However, because the transfer did not involve personnel of the criminal unit, the operation was postponed to the 15th, raising questions about whether the local prosecutor's office has become a tool for personnel struggles in the police sector. The case-handling unit clarified that the investigation was based on facts and was not affected by external pressure or personnel arrangements. The case-handling personnel said that the financial flow of the police officers involved in the case did not match the salary of their duties, which was sufficient to form the basis for applying for a search ticket, and that no personnel factors were considered in the process of handling the case. Note: Tu Chengwen was listed as the subject of Money Laundering investigation in November 2022 due to his involvement in the 88 Guild Hall incident, absconded in November 2023, and is currently wanted. The connection between Tu and "after all" became one of the central clues in the police investigation of police officer Money Laundering's suspicions. Extended reading: 88 Guild Hall Case 3 Police Involved in Money Launderingk Billion! encryptionWallet showed a huge amount of gold, and Bitgin appeared in court to testify Expert opinion: There is a gray area in the new regulations of the Money Laundering Prevention Law "Moving Zone" interviewed an anonymous expert pointed out: Since the passage of the amendment to the Money Laundering Prevention Law, a number of police-related incidents have been exposed one after another. Experts stressed that at present, law enforcement personnel, lawyers and other judicial workers are involved in cryptocurrency crimes, and the cooperation with the fraudulent Money Laundering Group is "frequently reported", which seriously hurts the public's sense of trust in the judiciary, and efforts to investigate and find out these cancers should be encouraged. However, experts say that one thing is one thing, some cryptocurrency cases may be due to the ambiguity of the scope of application and mistakenly touch the red line, the current regulations regard P2P (peer-to-peer) cryptocurrency transactions as illegal across the board, which may lead to innocent investors being involved in criminal cases and becoming a tool for malicious reporting, these two things must be clearly distinguished in essence. Experts suggest that the FSC should amend the existing regulations as soon as possible to clarify the legal scope of Virtual Money transactions, so as to prevent innocent investors from being harmed. If the police maliciously cooperate with criminals through cryptocurrency, they must be severely punished; However, if an individual legally invests in Virtual Money and is not involved in a criminal act, it should not be implicated in the Money Laundering investigation. Related reports Trump launch coin was reported by Taiwanese as "violating the Money Laundering Prevention Act", PTTencryption moderator: The financial management committee is not quick to arrest the police involved in Cryptocurrency Money Laundering? Beijian searches for multiple police officers, can USDTWallet lock identity? 88 Guild Hall Case" 3 police involved in helping Money Launderingk billion! EncryptionWallet showed a huge amount of money, and Bitgin Zhang appeared in court to testify "Three Police Volumes 88 Guild Hall Money Laundering Case" and more than 10 police students also participated in moving bricks Arbitrage, prosecutors do not rule out the second wave of search interviews This article was first published in BlockTempo "Dynamic Trends in Dynamic Areas - The Most Influential Block Chain News Media".