Former China Construction Bank (Asia) Manager Pleads Guilty to Accepting Crypto Bribes

A former relationship manager at China Construction Bank (Asia) (CCB (Asia)) has pleaded guilty to charges of accepting over $470,000 in Tether (USDT) as bribes. The individual conspired with a fintech employee to illegally certify fraudulent documents for insurance-related investment transactions without bank authorization. The case was uncovered by an internal investigation, and sentencing is scheduled for September 18.