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The Hong Kong High Court tried a robbery case involving HK$3.5 million in USDT, and three men pleaded guilty and were sentenced to 4 years and 8 months in prison.

According to Jinse Finance, the Hong Kong High Court has tried a robbery case involving 3.5 million Hong Kong dollars of "Tether" USDT on November 23. It is reported that the victim surnamed Yin and her husband have been trading virtual currency "Tether" since 2018. They met the male buyer who is currently wanted in December 2020 and successfully completed 4 transactions of "Tether" buying and selling within a month, collecting a total of over 6.87 million yuan. However, they were robbed by masked robbers in a transaction worth 3.5 million yuan of "Tether". The special commission judge stated that this case was a precise plan, and all defendants had premeditated the crime and played different roles. They pretended to trade virtual currency with the victim first, and then robbed her when she was alone. The amount involved in the case, 3.5 million yuan, has not been recovered yet. The three criminals have been sentenced to 4 years and 8 months in prison each for robbery.

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