According to the Supreme People’s Procuratorate, the Haiyan police in Jiaxing, Zhejiang, busted a “contactless” drug trafficking case involving drug payments in USDT. The report says that two men posted cryptic-ad jargon advertisements through overseas chat software, remotely arranging the pickup and delivery of drugs. Buyers paid the drug money in USDT, and the related funds were split into multiple small amounts and mixed with funds from cryptocurrency trading. Investigations showed that the case involved a total of 2,952.9 USDT in drug money. The court announced first-instance judgments in May this year, sentencing the two men to fixed-term imprisonment of 3 years and 10 months and 10 months respectively; one of them has filed an appeal.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 2
  • Share
Comment
Add a comment
Add a comment
LeverageWithdrawalInProgress
· 4h ago
Crypto trading funds mixed with illicit money, innocent traders caught in the crossfire
View OriginalReply0
Glass-HeartMarketMaker
· 4h ago
Overseas chat apps + coded language + USDT, a typical new pattern.
View OriginalReply0
MirrorBallPeeking
· 5h ago
On-chain mixing is also useless; the police now have pretty advanced tracking technology.
View OriginalReply0
GateUser-509018a9
· 5h ago
I'm curious how that guy plans to appeal his case.
View OriginalReply0
MevTeaDrinker
· 5h ago
2952.9 USDT is sentenced to over three years; this penalty is heavier than expected.
View OriginalReply0
  • Pinned