AiCoin
AiCoin|Aug 21, 2026 04:20
[Hong Kong Court Upholds Ma Zhihao's 56-Month Prison Sentence, Police Trace USDT to Secure Evidence] According to Caixin, the Hong Kong Court of Appeal has rejected Ma Zhihao's appeal for a reduced sentence, upholding the original 56-month prison term. Hong Kong police, by tracking cryptocurrency transaction records, discovered that the victim's family transferred approximately 9,527 USDT to a designated wallet. Of this, 8,127 USDT was traced to a cryptocurrency exchange account under Ma Zhihao's name, which was then converted into approximately HK$63,000 and deposited into his personal HSBC bank account.
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