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Taiwan court jails Cointhink crypto fraud leader for 22 years after $37M scam hits 1,539 victims

Market News
21 Jul 2026
Bitcoin
View Source
Bearish
pluang ai news

A Taiwan court sentenced Shih, the leader of the Cointhink crypto fraud ring, to 22 years in prison for defrauding over 1,500 investors of more than $37 million. The group falsely claimed to be authorized by Taiwan's Financial Supervisory Commission and laundered $71.3 million via Tether's USDT through complex offshore transfers. Fourteen individuals were indicted, and prosecutors are seeking to confiscate all illicit gains. Shih can appeal the sentence, but the case highlights risks in unregulated crypto platforms and ongoing efforts to crack down on crypto fraud in Taiwan.

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Zoom appoints Carlos Quaderi as Head of APAC to lead AI-driven growth phase

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Zoom Video Communications has appointed Carlos Quaderi as Head of Asia Pacific (APAC), effective August 1, 2026. Quaderi will oversee Zoom's go-to-market strategy across APAC, including Australia, New Zealand, Asia, India, and Korea (excluding Japan)...

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FDH Aero and LATECOERE sign global hardware supply deal supporting aerospace manufacturing in six countries

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YieldMax ETFs declare weekly distributions for multiple option income ETFs starting July 23, 2026.

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Neutral
2 hours ago
BioNTech to release Q2 2026 results and host investor webcast on August 4, highlighting oncology progress.

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BioNTech SE will announce its second quarter 2026 financial results on August 4, 2026, followed by a webcast and conference call for investors and the public. The event will cover financial performance and updates on BioNTech's oncology pipeline, whi...

Company Fundamentals
Neutral
2 hours ago
Investec Bank discloses share dealings for Advanced Medical Solutions Group on July 20, 2026.

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Investec Bank plc, acting as advisor and joint broker to Advanced Medical Solutions Group plc, disclosed its share dealings on July 20, 2026. The bank purchased 1,786,258 ordinary shares and sold 1,952,322 ordinary shares at prices around 279 to 280 ...

Market News
Neutral
3 hours ago
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