Members of the Bamboo Union involved in setting up schemes to steal 330,000 USDT and assets worth 620,000 yuan, prosecutors have charged eight individuals with aggravated robbery and other crimes, exposing the gray areas of agency operations in the crypto world.
The Taipei District Prosecutors Office concluded an investigation into a robbery case involving crypto agency operations. The main suspect is Li You-kuan, a member of the Hong Ren Society of the Bamboo Union. Dissatisfied with virtual currency agency “job hopping” affecting his interests, he set up a scheme to lure victims outside and used violence to threaten them into transferring encrypted assets and handing over property. Controlling the victim’s movements, he forced the transfer of 330,000 USDT from the victim’s phone. Prosecutors have charged eight suspects with aggravated robbery and obstruction of freedom, seeking sentences of 10 to 23 years.
In recent years, with the rapid development of the virtual asset market, Taiwan has seen a large number of exchange proxies and a “downline-upline” system, similar to multi-level marketing structures, leading to highly concentrated capital flow and social networks. However, the market has long lacked regulation and transparency, allowing some underground forces to intervene. Behind some agency systems are complex interpersonal and利益关系, even overlapping with gang forces. Virtual assets are increasingly targeted by criminal groups, leading to frequent incidents of “black on black”
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