A court in Dinghai, Zhejiang, has concluded a case involving Tether-related cybercrime, sentencing ten individuals for their roles in facilitating illegal financial activities. From October 2022 to August 2023, the group, led by an individual named Huang, registered multiple "businesses" on overseas cryptocurrency platforms. They profited through schemes involving "joint stock dividends" and "buy low, sell high" strategies with Tether, despite knowing the funds were linked to telecom fraud. The group evaded risk controls by falsifying transaction screenshots and courier numbers, ultimately helping to settle over 5 million yuan in illicit funds. On August 28, 2023, the ten were arrested in Fuzhou and Putian, Fujian. The court deemed the case "serious" and imposed prison sentences and fines, while seizing 877,000 yuan to be returned to victims.