Ex-head of Taiwan Blockchain Association sentenced to 5.5 years in MEKA token fraud
- —Liu Ting-wei was sentenced to 5 years 6 months; Chen Cheng-yang to 3 years 8 months
- —Six investors lost more than 66 ETH, roughly $539,000
- —MEKA, SBC and DTT tokens were pitched with promises of 100x growth and 50% price support
- —Proceeds were converted into USDT and moved through the wife's wallet
Why it matters: The case signals that crypto fraud run under the cover of industry associations faces criminal liability, tightening scrutiny of the sector in Taiwan.
Source: 動區 BlockTempo
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