A young police officer in Taiwan who lost money in cryptocurrency trading borrowed money to invest in Bitcoin and is unable to repay it, facing fraud charges and being searched and questioned.

A young police officer in Hsinchu, Taiwan, is suspected of losing money during the recent big dump of Bitcoin and is unable to repay the borrowed principal, leading to an accusation of fraud. He was recently summoned for questioning and searched, and has posted bail of 250,000. (Background: A Thai homeowner sold a riverside luxury house for 3.88 Bitcoins, now buying directly at a 31% discount?) (Additional background: SpaceX transferred 100 million USD in Bitcoin, is Musk cashing out?) On the 26th of this month, the lights were on in the backup room of the Hukou Police Station in Hsinchu County, as investigators searched the documents and phone of a 24-year-old police officer surnamed Dai. Just a few months ago, he was still on duty on the streets, but now he is out on bail waiting for further inquiries. This outcome is familiar to the crypto world: contracts, Bitcoin, borrowing. Leverage trading has severed the capital chain. According to reports from the Central News Agency and police sources, Officer Dai was optimistic about Bitcoin at the beginning of 2025, initially using his own savings, and later borrowed hundreds of thousands from friends to invest. Although the coin price surged in the past six months, when it sharply retraced, his account triggered the liquidation line and dropped to zero in a short time. However, the debt did not evaporate, and after multiple unsuccessful attempts to collect, his friends reported him for fraud. The prosecution took this seriously, leading to his detention and search. Ultimately, Officer Dai posted bail of 250,000, and his work identity and credit were instantly damaged. Debt default or criminal fraud. Whether Officer Dai constitutes fraud is still under investigation by the prosecution. If he is involved in “raising funds” and exaggerated profit guarantees to lenders, while concealing his true financial situation or misusing the funds, the law might recognize this as an intent to commit fraud; otherwise, it may mostly fall under civil debt disputes. If the targets extend to unspecified persons, it could also touch upon the banking law regarding the crime of fundraising, with heavier criminal liability. The current focus of the investigation is on the financial flow records of the officer and the dialogue content during the borrowing process. For the police system, this is not just an individual financial mistake, but also seriously affects the police's reputation. The Xinhu Branch publicly stated: “This bureau will uphold a position of no wrongful prosecution or leniency, actively investigate, and strictly deal with the matter according to the law, and will not be lenient.” Related reports: Chinese state media identifies “Bitcoin as a high-risk asset,” calling on young people not to borrow money to trade coins, not to open leverage; AI trading competition, Alibaba is the ultimate winner? This article titled 'Taiwanese Young Police Officer 'Loses Money Trading Coins' Unable to Repay Borrowed Investment in Bitcoin, Accused of Fraud and Searched' was first published in BlockTempo, a leading blockchain news media.