"Under the Banyan Tree" Singer's Son-in-Law in Trouble! Taiwanese Police Arrest and Detain Him for Alleged Cryptocurrency Money Laundering, Strongly Linked to an Exchange

Chen Jian, the son-in-law of Yu Tian, a famous Taiwanese singer and performer of the classic song "Under the Banyan Tree," was detained and denied visitation by the New Taipei District Prosecutor's Office on April 30. He was suspected of being a "water room operator" within a fraud syndicate, leading to his arrest due to strong connections with a certain exchange.

According to the New Taipei Haishan Sub-bureau, Chen Jian was part of the logistical support for the fraud syndicate, responsible for purchasing cryptocurrencies with the ill-gotten gains from their operations, typically handling amounts between 2 to 3 million New Taiwan Dollars each time.

They utilized China's online banking U-shield combined with the exchange's withdrawal mechanisms to convert the stolen money into cryptocurrencies, then sold them for fiat currency, and finally laundered the money into dummy accounts.

The case was triggered by a New Taipei citizen who was defrauded of over ten million New Taiwan Dollars and subsequently reported the crime to the police.

Following the prosecutor's directive, the investigation team traced and arrested the "money pickup operatives."

Eventually, the water room operator who had arranged to meet the operatives at the Banqiao Metro Station was arrested.

Reportedly, this individual was Yu Tian's son-in-law, Chen Jian, who was found carrying over 2 million New Taiwan Dollars in cash.

Upon hearing the news, Yu Tian publicly emphasized his disdain for fraud syndicates and stated he would definitely not seek legal help for his son-in-law.

He also mentioned that after the death of his daughter Yu Yuanqi, he seldom saw his son-in-law, but noted that while his daughter was alive, Chen Jian often came home late, busy with unknown activities.

Sources within the cryptocurrency community told Taiwanese media that Chen Jian frequently and closely interacted with certain Taiwanese cryptocurrency exchanges, though they did not specify any particular exchange.

Informants indicated that he also had connections with individuals suspected of engaging in fraud, and his arrest did not come as a surprise.

However, it should be emphasized that until a court decision is made, all suspects should be presumed innocent.