Taiwan's renowned anti-fraud expert and chief financial crime investigator at XREX exchange, Chen Meihui, tragically died in a car accident on her way home, at a young age of only several decades. However, an anti-fraud investigation report she completed with her boyfriend, who works at the Criminal Investigation Bureau, became key in the police's investigation of the Bamboo Union Hongren Society's cross-border virtual currency fraud case, successfully recovering over a hundred million New Taiwan Dollars for the victims.
Chen Meihui specialized in blockchain asset flows and money laundering pathways. In December 2024, she was summoned by the Taichung District Prosecutors Office for assisting in a data leakage case and met with a fatal accident on the national highway during her return journey, sparking public attention. Despite her untimely death, her remaining report clearly revealed the fraud money flow, money laundering channels, and the identities of the masterminds behind the scenes.
According to the Criminal Investigation Bureau, the case began when the 165 anti-fraud hotline received a tip from the public. The main suspect, Mr. Chen (32 years old), and three accomplices lured 220 people into buying USDT on a fake platform and transferring it to a fraudulent wallet using the bait of "high-yield investments," scamming 150 million New Taiwan Dollars in just five months.
With the critical information provided by Chen Meihui, the police conducted three waves of operations in February, April, and June 2025, in collaboration with the Taichung and Nantou Criminal Police Teams, successfully arresting four suspects. They seized 1.18 million Tether tokens (approximately 35.18 million New Taiwan Dollars), several properties and lands, luxury cars and watches, and 300 grams of marijuana as evidence, initially estimating the group's illegal profits to be over a hundred million.
The police stated that without the professional analysis of Chen Meihui and Detective Xie, the case might have been difficult to break through quickly. Currently, the four individuals have been charged with aggravated fraud, anti-money laundering, and organized crime, and further investigations into a larger network of accomplices behind the scenes are ongoing.
