The Federal District Court of Brazil has sentenced Colombian chess player Daniel Uribe Arteaga to 8 years, 10 months, and 15 days in prison for fraud and money laundering involving Tether's USDT. Arteaga deceived victims with false investment promises of a "2% monthly return," leading them to transfer 1.5 million USDT. He then moved the funds through multiple wallets and platforms such as Bybit and OKX. During the investigation, Brazilian police, in collaboration with Tether, managed to freeze approximately 1.095 million USDT, representing about 73.5% of the stolen funds.