A court in Wanbailin District, Taiyuan, Shanxi, has sentenced two individuals for using virtual currency to conceal and transfer criminal proceeds. The defendants converted 1.47 million yuan into Tether (USDT) and transferred it across borders, knowing the funds were illicit. They received a 30,000 yuan fee for their actions. The court accepted the prosecution's sentencing recommendations, imposing prison terms of 2 years and 6 months, and 1 year and 6 months, along with fines.
Two Sentenced in Shanxi for Laundering Crime Proceeds via USDT
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