The Taichung District Prosecutor's Office indicted a man surnamed Zhang on suspicion of laundering 20.1 billion in money using a technology company as a cover.

The Taichung District Prosecutor's Office discovered that a man named Zhang was suspected of using a technology company as a cover but setting up a platform for Chinese people to launder money. The total amount of money laundered was more than 20.1 billion yuan. Today, Zhang and others were charged with special money laundering and other crimes. (Photo by reporter Chen Jianzhi)

When the Taichung District Prosecutor's Office conducted a death examination in January this year, it was discovered that the conversation between the deceased and his supervisor and colleagues was suspected of money laundering. After in-depth investigation, it was discovered that the main suspect surnamed Zhang (23 years old) used two companies, Huixin and Xuhe, as cover to set up NOW PAY, X The PAY platform conspired with Chinese people to exchange RMB and the virtual asset USDT (Tether), and was suspected of laundering 20.12843 billion. The prosecutors launched 5 waves of searches in May this year and arrested 30 accomplices including Zhang Nan. The whole case was concluded today, and Zhang Nan and others were prosecuted on suspicion of illegal provision of virtual asset services and special money laundering.

Chen Qiaoman, prosecutor of the Taichung District Prosecutor's Office, conducted an examination on the death case of a Huixin employee in January this year. From the conversations between the deceased and his colleagues and supervisors, he found words such as "bank card" and "USDT". Compared with the circumstances of the company's claim that the company was engaged in text marketing and customer service business, he was suspected of being involved in money laundering.

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After directing the Taichung City Criminal University Science and Technology Crime Investigation Team and other units to conduct investigations, five waves of searches were launched from May to August this year, and mobile phones, computer hosts, cash and other items used in the crime were seized. An application was made to the Taichung District Court to detain and ban the suspect surnamed Zhang (23 years old). The suspect was approved and applied for a seizure ruling, and 980,000 yuan was seized.

The prosecutors found that since July 2025, the group has used the offices of Huixin Technology and Xuhe Marketing in Taichung City as a cover to recruit human resources, operations and customer service personnel to operate the NOW PAY and X PAY platforms separately, and serve as a customer service base for overseas money laundering groups in Taiwan. The platform is used by merchants who need to buy and sell USDT, and false websites such as Pokémon NFT and Lord of the Rings games are set up for individual currency dealers to use as transaction shells to avoid Chinese police investigations.

The prosecutor's inspection of the money flow revealed that from November 1, 2025 to August 10, 2026, the suspected money laundering amount on the NOW PAY platform amounted to more than NT$16.31366 billion; From November 1, 2025 to May 27, 2026, the PAY platform was suspected of laundering more than 3.81477 billion yuan, with a total money laundering amount of more than 20.12844 billion yuan, and the group made a profit of more than 315.01 million yuan.

The whole case was concluded today, and 30 people including Zhang Nan were prosecuted for suspected violations of illegal provision of virtual asset services, special money laundering, etc., and requested the confiscation of criminal proceeds.

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