Former China Construction Bank (Asia) Relationship Manager Pleads Guilty to Accepting $470,000 in Tether Bribes

A former relationship manager at China Construction Bank (Asia), Lin Junxian, has pleaded guilty to accepting over $470,000 in Tether (USDT) as bribes. The defendant conspired with a fintech company employee to illegally certify fraudulent documents for insurance-related investment transactions without bank authorization. Following an internal investigation and a report to the Independent Commission Against Corruption, the judge has scheduled sentencing for September 18, with the defendant remanded in custody.