The Dinghai Court in Zhejiang, China, has concluded a significant case involving the use of Tether (USDT) in cybercrime activities. Several defendants were found guilty of registering multiple 'merchant banks' on a foreign virtual currency platform to facilitate telecom fraud and other crimes. The operation involved over 5 million RMB, classified as 'serious circumstances.' The court sentenced the defendants to fixed-term imprisonment and imposed fines, while 877,000 RMB in illicit gains were seized and returned to the victims.