A Hong Kong court has sentenced a former relationship manager at China Construction Bank (Asia) to four years in prison for accepting more than $470,000 in Tether (USDT) to authenticate forged bank instruments with a stated value exceeding $1.6 billion. Lam Chun-yin, 32, was arrested by the Independent Commission Against Corruption (ICAC) for certifying falsified documents while employed at the Causeway Bay branch. The man admitted to receiving significant USDT amounts to digital wallets in exchange for signing fraudulent documents. This case highlights the growing risks of corruption in traditional banking linked to cryptocurrencies.
Source: Read the original article
