Qianhai Coast Guard member received 18,522 USDT in exchange for leaking information to China; Kaohsiung High Branch Court sentences him to 7 years and 8 months in August.
(Background summary: Tether trading leads to death! A 25-year-old crypto trader was robbed of hundreds of thousands and died after being ambushed while driving; 7 villains face consequences.)
(Additional background: Tether Golden Empire: Tether’s “Borderless Central Bank” ambitions and cracks.)
On the 6th, Kaohsiung High Branch Court sentenced a national security leak case: Coast Guard officer Li from the Southern Mobile Coast Guard Unit was sentenced to 7 years and 8 months for providing defense deployment information to Chinese intelligence personnel, under the National Security Law. He did not accept traditional cash bribes but used Tether USDT for settlement.
18,522 USDT as spy remuneration
According to court investigations, Li was in debt due to investment losses and was targeted by a Chinese intelligence agent named Tony at the end of 2022. The other party offered a clear compensation plan: transferring about NT$60,000 worth of USDT each quarter, with annual bonuses and subsidies for an iPhone 11 and iPhone 13 as work devices.
Within a year, Li filmed and transmitted sensitive data via Telegram, including missile alert zone operations, mission ship deployments, and patrol plans, earning a total of 18,522 USDT, equivalent to less than NT$580,000.
Causing National Security Crisis
The court ruling stated that although Li returned all criminal proceeds and pleaded guilty, he sold national and official secrets for nearly 1 year and 10 months, endangering national security and undermining the morale of citizens defending freedom and democratic values… Li was sentenced to 7 years and 8 months in prison, with the right to appeal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
USDT Manipulation Case Upgraded! Tether and Bitfinex Collective Lawsuit Approved by New York Court
The U.S. court partially approved the class-action lawsuit against Tether and Bitfinex, narrowing the scope of plaintiffs to include investors who purchased crypto commodity futures between 2017 and 2019. The core allegations of the case involve the manipulation of the market through USDT that was not fully backed by reserves, resulting in investor losses. This class-action lawsuit is still ongoing and will strengthen the plaintiffs' bargaining position.
MarketWhisper9h ago
Tether CEO Frames USDT As a “Digital Dollar for the People” After New Concentration Data
Paolo Ardoino, the CEO of Tether, went on X today with a short, proud message: USDT, he wrote, “is unique.” He backed that claim with a single, sharp statistic: over the past year, the biggest sender of USDT accounted for less than 5% of all USD send volume, while for other stablecoins, one
BlockChainReporter10h ago
Tether USDT Powers 550M Users Across Emerging Markets, Says CEO
Tether's USDT leads the stablecoin market with over 550 million users and widespread transaction distribution. Strategic partnerships and increased liquidity drive global adoption, but regulatory challenges in South Korea hinder local access.
CryptoFrontNews16h ago
USDC tops Tether as stablecoin transfers hit all-time high $1.8T
Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a
CryptoBreaking03-08 12:00
Tether CEO: USDT has served over 550 million users in emerging markets worldwide, with the largest individual sender accounting for less than 5%
Tether CEO Paolo Ardoino announced that, among the total USDT sent over the past 12 months, the largest individual sender accounts for 4.97%, significantly lower than the 23.34% seen in other stablecoins. He pointed out that USDT primarily serves populations overlooked by traditional finance, with over 550 million users in emerging markets worldwide currently relying on USDT.
GateNews03-08 09:35
USDC surpasses Tether as stablecoin trading volume reaches an all-time high of $1.8 trillion
The trading volume of stablecoins has reached an all-time high, with Circle's USDC surpassing Tether's USDt, according to newly released data.
USDC continuously surpasses USDt in trading volume
According to data from Allium, the total trading volume of stablecoins reached $1.8 trillion in February, t
TapChiBitcoin03-08 00:36
