USDT Cross-Border Scheme: Wanbolin District Court Sentences Chen and Li for Concealing and Disguising Criminal Proceeds

The Wanbolin District Procuratorate in Taiyuan, Shanxi, secured a first‑instance verdict in a case of concealing and disguising illicit proceeds linked to a crypto scam. The court accepted the prosecutorial recommendations, sentencing the two defendants to two years and six months and one year and six months, respectively, plus fines.

The case traces a scheme where a scammer on a short‑video platform claimed insider information and demanded a cross‑border cash‑to‑USD to USDT flow. The suspects assisted in transferring 202,328 USDT (about 1.47 million RMB) to a designated account after receiving cash from the victim, facilitating concealment.

Post verdict, prosecutors issued a risk alert on investment scams paired with virtual currency money laundering and joined anti‑fraud campaigns. The case signals ongoing cross‑border enforcement and the emphasis on investigation–prosecution coordination to protect public assets.