PANews August 21 news, according to the Workers' Daily report, the Beijing Second Intermediate People's Court is hearing a case of concealing and disguising criminal proceeds through virtual currency transactions. The defendant Liu was aware that the funds were criminal proceeds, yet assisted in transferring 200,000 yuan of scam funds using USDT, and was sentenced to 3 years and 6 months in prison, along with a fine of 40,000 yuan, with the illegal proceeds being confiscated. The court warns that assisting in the transfer of virtual currency or funds of unknown origin may violate criminal law and face criminal penalties.