Workers' Daily: Abnormal transactions of virtual currencies may be suspected of crimes

The Beijing Second Intermediate People's Court heard a case involving the use of virtual currency transactions to conceal criminal proceeds. The defendant, Liu, knowing the funds were proceeds of crime, assisted in the fraudulent transfer of 200,000 yuan in USDT. He was sentenced to three years and six months in prison and fined 40,000 yuan. The illegal proceeds were recovered.