Taiwan Temple Abbot and Son Accused of Embezzling Nearly 70 Million Yuan and Laundering Funds Through Crypto

According to ChainCatcher citing Observer Network, Zhang Qingyu, abbot of Donglin Temple in Yilan, Taiwan, and his son Zhang Weifu, who has become a monk, are suspected of embezzling donations. During a search, investigators reportedly dug more than 10 iron chests containing gold and silver from gravel outside the meditation room; the metals were valued at more than 330 million New Taiwan dollars, or about 70 million yuan. Investigators said temple funds were transferred to private accounts and laundered through purchases of cryptocurrency, gold, and silver. The investigation is ongoing.