The Dinghai District Court in Zhejiang Province has concluded a case involving over 5 million yuan in USDT-related fraud.

The Dinghai District Court in Zhejiang Province has concluded a money laundering case involving virtual currency. Huang and nine others used Tether (USDT) to transfer over 5 million yuan in funds involved in telecom fraud. The ringleader was sentenced to 2 years and 11 months in prison, and 877,000 yuan of the embezzled funds were returned to the victims.