A Hubei man was sentenced to 11 years and 6 months in prison for robbing more than 40,000 Tether coins at knifepoint

a man in Hubei Province threatened and forced the transfer of over 40,000 Tether coins with a knife. In the first trial, the defendant was found guilty of extortion and concealing and hiding criminal proceeds and was sentenced to four years and eight months in prison. The Jianghan District Procuratorate appealed to the higher court, and in the second trial, the court accepted the prosecution's charges and determined that the defendant had committed robbery. The defendant was sentenced to eleven years and six months in prison for robbery and concealing and hiding criminal proceeds, and was fined. This verdict is final.