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Hebei Robbery of a Cryptocurrency Dealer for 400,000 USDT,

A six-member gang sentenced to over 10 years in prison!

It's truly reckless ignorance—out-of-market retail investors in Hebei orchestrated a scheme to rob a crypto dealer of 400,000 USDT, with each member receiving over 10 years.

Six real people, risking their entire lives over 400,000 USDT.

Although the announcement on 9.24 clearly states that personal transactions of virtual currencies are invalid under civil law, it does not mean they are not protected under criminal law.

There is a code of conduct even among thieves; black-hat activities are criminal, and moreover, USDT has not yet been classified as black market activity and is prohibited.

So these robbers are really too naive. After the first-instance verdict, all six were sentenced to over ten years.

And they are not satisfied. During the second-instance appeal, they argued confidently: "USDT is not legal tender, so robbing it doesn't count as robbery!"

The judge of the Hebei High Court clearly stated: You need to buy this with real money, have a clear market price, be able to cash out and circulate—this is what the Criminal Law refers to as "other property."

You may not realize how malicious this act is: organized, premeditated, armed robbery—taking 400,000 worth of "large amount" property, which alone warrants over ten years, not counting previous actions. Plus, considering the successful previous robberies, the likelihood is multiple convictions, enough to keep them fed!

Robbing USDT is no different from robbing cash from your pocket or gold from your safe!

A warning to everyone: don’t believe in low prices or stability outside the market. In this case, the victim was a seasoned crypto dealer, so the risks outside the market are deep enough to drown you once you step in.

Off-market trading is not something ordinary people should get involved in; many have fallen victim to this.

Going outside the market often means risking your own money and life.

—Case from Lawyer Zhang!