The Gulou District People's Court in Fuzhou, China, has dismissed a case involving a dispute over entrusted asset management related to USDT forex investments. Investor Chen had invested 480,000 RMB through intermediary Liu, who converted the funds into USDT and transferred them to an overseas trading platform. The platform's shutdown led to significant losses. The court ruled that the transaction, which involved converting RMB to USDT for cross-border forex trading, disrupted financial order and referred the case to police for further investigation. The court found that the use of virtual currencies like USDT to facilitate foreign exchange transactions circumvented regulations and constituted illegal financial activities. Despite appeals from both Chen and Liu, the Fuzhou Intermediate Court upheld the original ruling, emphasizing the potential systemic financial risks posed by such activities.