PANews reported on May 16 that according to Hong Kong media Hong Kong 01, the Hong Kong branch of a Singaporean financial technology company had its employees steal more than 3.2 million USDT, with a market value of approximately HK$26 million. It is reported that the persons involved stole USDT from the company's virtual currency account 64 times and transferred the funds to e-wallets on different trading platforms. Virtual currency worth approximately 8.6 million yuan and 4.65 million yuan in cash and assets have been recovered. The persons involved were charged with one count of theft and three counts of dealing with property known or believed to represent proceeds of an indictable crime. They pleaded guilty and were convicted in the Hong Kong High Court yesterday and were sentenced to a total of 78 months in prison.