[Beijing Prosecutor's Office Announces USDT Cross-Border Illegal Foreign Exchange Case Involving Over 1.1 Billion Yuan] The Beijing People's Procuratorate released the 'Typical Cases of High-Quality and Efficient Financial Prosecution Performance' (2024-2025), which includes a case involving illegal foreign exchange operations using Tether (USDT) as a medium, with the amount involved exceeding 1.182 billion yuan. From January to August 2023, Lin Moujia and four others used bank cards and USDT trading platform accounts to convert RMB into USDT and complete cross-border fund transfers, engaging in disguised foreign exchange trading activities. In March 2025, the Haidian District People's Court in Beijing sentenced the five defendants to prison terms ranging from two to four years and imposed fines. The judgment has taken effect. The prosecuting authorities optimized case-handling strategies and evidence systems to achieve precise strikes against crimes related to virtual currencies.