According to reports from China National Radio, the Public Security Bureau of Tiedong District, Siping City, Jilin Province, recently uncovered a financial fraud case involving money laundering using virtual currency USDT. It was found that the suspect Liu, in collusion with Zhao, Wang, and others, knowingly received illicit funds from financial fraud by tricking others into using their bank accounts to accept the proceeds. They instructed the involved parties to withdraw the cash and return it, and then deposited the cash into personal accounts. They used the 'Huobi' platform to buy low and sell high on USDT, assisting the fraud gang in transferring the illicit funds, accumulating profits of over 100,000 yuan. Currently, the members of the involved gang have been subjected to criminal coercive measures, and the case is under further investigation.