Zhoushan Court Concludes USDT-Related Crime Case

A recent case brought by the Zhoushan Dinghai Court highlights the use of USDT in criminal activities. Between October 2022 and August 2023, Huang orchestrated a group involving Yao, Guo, Yu, and others to register multiple businesses on an overseas virtual currency platform. They profited through a joint dividend scheme, buying low-priced USDT and selling high. However, their operation was not without risk: they were aware of potential illegal activity upstream in the transactions.