Fuzhou prosecutors disclose three crypto-related criminal cases
- —A group led by Liu laundered 210,000 yuan through a 'liquor purchase + USDT transfer' scheme, receiving up to 3 years 7 months in prison
- —Zheng and accomplices used pepper spray to rob merchants of over 40,000 USDT, sentenced to 5 years 7 months to 10 years 4 months
- —Wang raised 6.28 million yuan from over 30 people under a 'guaranteed-return mining' scheme, causing 3.48 million yuan in losses
Why it matters: Chinese authorities continue to crack down on crypto-related schemes, reinforcing regulatory pressure on the market in the region.
Source: PANews