TechFlow news, according to the Jinchang Intermediate People's Court, the Yongchang court in Gansu province has ruled on two cases involving telecom fraud-related crimes. Ten defendants were sentenced to fixed-term imprisonment ranging from 10 months to one year for the crime of aiding information network criminal activities, with illegal gains totaling over 1.19 million yuan confiscated.
Since 2022, Shen and four others established a USDT trading studio in Hefei, Anhui, and used Telegram to set up illegal over-the-counter trading groups. Despite knowing that the USDT they received originated from illegal activities such as online gambling and telecom fraud, they still provided payment settlement services to criminals at "high exchange rates."
By the time of the case's exposure, the defendants had profited over 880,000 yuan. The funds involved—over 5.9 million yuan—came from more than ten victims in Yongchang's Chengguan town who were defrauded during virtual currency investments and online task-completion scams. The court stated that such activities have gone beyond simple cryptocurrency operations and should be considered a key link in combating telecom and internet fraud.
