Two 18-year-olds have been sentenced to reform school by the Hong Kong Regional Court for their involvement in a $2.5 million USDT fraud. The court found the pair guilty of deceiving a victim into depositing 2 million HKD in cash at a Tsim Sha Tsui currency exchange, which was then stolen through a hidden passage. Despite their significant role in the scheme, the judge noted their lack of prior criminal records. The fraudulent operation involved a vault separated from an adjacent shop by a black paper, allowing the theft to occur. The victim was promised USDT in return, which was never delivered. This case underscores the potential risks associated with cryptocurrency transactions conducted outside regulated platforms like KuCoin.