How Xiao Yang’s Crypto Caper Turned Sunwu County into a Stage for Scandal!

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Ah, dear audience, gather ’round to witness the curious tale of Xiao Yang, that crafty merchant of USDT—a coin more slippery than a greased weasel! From the modest town of Sunwu County, our hero—nay, our jester—linked buyers and sellers through the enchanted scrolls of WeChat, promising rates ever so slightly better than the grand bazaar known as OKX exchange. Truly, a bargain for the discerning fool! 🤑

Playing the role of a cunning middleman, Xiao employed his trusty TP wallet as a stagecoach for coins, delivering gold and silver from hand to hand, while slipping a few shiny coins into his pocket with every merry exchange.

In but three moons, Xiao conducted nearly 10,000 transactions! ‘Twas as if the very rivers of Sunwu ran with 30 million USDT—an ocean of roughly 120 million yuan (or $16.5 million in the Empire’s currency)—and with it, Xiao amassed ill-gotten gains to the tune of 440,000 yuan ($60,000). What a splendid rogue!

Yet, as every seasoned courtier knows, the stage reveals even the most hidden truths: Investigators, those dour fellows with no time for mirth, unearthed connections between Xiao’s merry trade and vile telecom trickery. Fraudulent payments danced into his coffers, to the tune of 59,000 yuan, and he ferried away another 116,000 yuan, leaving innocent souls lamenting losses exceeding 4.1 million yuan. Our dear Xiao had hidden treasures of crime—170,000 yuan stashed away as if under a loose floorboard.

The tribunal of Sunwu, adopting a grim countenance, judged that though Xiao was but a small player in this carnival of deceit, he hid the foul origins of his loot with the finesse of a sneaky harlequin. His confession, tears, and return of spoils were but weak buffoons’ tricks to soften justice’s hammer. Yet, the penalty fell, and fines were levied—no jest for our unfortunate protagonist.

So unfolds the saga of China’s ever-tightening grip upon the chaotic world of virtual coinage. Since the decree of 2021, banning the circus of crypto business, courts have become hunters, chasing shadows and tricksters in this digital masquerade.

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2025-04-29 09:37