Key Figure in 88 Club Money-Laundering Case Shot Dead in Cambodia

The “88 Club” case centers on an underground remittance operation run by Kuo Che-min’s group since 2018, with transactions totaling NT$21.7 billion. Prosecutors said Lin Ping-wen, acting as a third-party payment provider, helped convert funds through PGTalk points and USDT. The case also brought scrutiny to the anti-money-laundering and compliance responsibilities of virtual-asset firms including Bitgin.

The New Taipei District Prosecutors Office indicted Lin and 17 others on February 23, 2023. After being released on NT$3 million bail, Lin failed to appear in court twice in December 2024, prompting the New Taipei District Court to issue a warrant for his arrest on December 27. He was shot dead in Cambodia’s Preah Sihanouk province on the night of March 23, 2026. Taiwan’s Criminal Investigation Bureau confirmed his death the following day through an overseas liaison officer.