Beijing Police Bust Cross-Border Scam Involving USDT Money Laundering

Beijing Shijingshan police recently intercepted a cross-border telecom fraud case, freezing approximately $116,000 (780,000 yuan) in illicit funds. Scammers impersonated police to coerce overseas students into transferring money and converting it into USDT. The scheme involved using victims as unwitting money mules to launder funds through complex cross-border channels. Police successfully intervened to prevent further financial losses.