Techub News reported that according to Qingdao Evening News, a case handled by the Qingdao police in Shandong Province involving the use of virtual currency USDT to assist in information network crimes is about to be reviewed and prosecuted. Nine suspects of related crimes have been arrested, and the funds involved exceed 8 million yuan.

Currently, the nine suspects have been subject to criminal compulsory measures in accordance with the law and are about to be reviewed and prosecuted. The public security organs remind citizens not to lend their ID cards, bank cards, and public accounts with their own identity information to others to prevent them from being used for illegal activities.