Ex-CCB Asia manager admits taking $470K USDT bribe
- —The bribe exceeded $470,000 in USDT cryptocurrency
- —The defendant illegally notarized several forged documents without the bank's approval
- —The case was uncovered by CCB Asia's internal investigation and referred to the ICAC
- —Sentencing is scheduled for September 18; the defendant remains in custody until then
Why it matters: The case shows cryptocurrency is increasingly used for corrupt payments in Asia's traditional banking sector.
Source: PANews