TechFlow news, on November 1, according to the official WeChat account of Dinghai Court in Zhoushan, Zhejiang, Dinghai Court has concluded a case involving the crime of aiding information network activities related to Tether (USDT). Several defendants registered multiple "trading shops" on an overseas virtual currency platform and profited through joint investments, dividend sharing, and buying low and selling high Tether coins. Despite knowing that upstream transactions might involve illegal or criminal activities, they still assisted in transferring funds related to telecom fraud and other crimes. The total amount of payment settlement involved in information network crimes exceeded 5 million yuan, constituting "serious circumstances." The defendants were legally sentenced to fixed-term imprisonment and fined. The 877,000 yuan in seized illicit funds will be returned to the victims.
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