Beijing Shijingshan police successfully intercepted a cross-border telecom fraud scheme involving USDT, freezing and returning 780,000 yuan to victims. The operation targeted overseas Chinese international students through impersonation of domestic law enforcement, falsely accusing victims of money laundering to coerce fund transfers and cryptocurrency exchanges. Investigators identified three victims within the same fraud ring who were manipulated into serving as mutual money-laundering tools. Scammers transferred stolen funds into victim accounts before coercing them to exchange the money for USDT to facilitate complex cross-border transfers. Police intervention successfully halted the scheme and prevented further financial losses.