Chinese businessman freed after USDT ransom paid

A Chinese businessman who was kidnapped by a criminal group in 2022 has been freed in the Philippines. The ransom was demanded in USDT — his own bodyguard was involved in the kidnapping.

The businessman's wife organized the transfer of funds with the support of the police. The cryptocurrency exchange took place through a casino associated with the gang. After his release, the victim helped to uncover the criminal network.

According to authorities, this is the only recorded case of a person kidnapped in 2022 surviving.