Woofun AI reports that Xiangyang police in Hubei dismantled an offline USDT exchange network involved in illegal foreign exchange operations. Authorities intercepted a vehicle carrying 9 million yuan in cash on the G70 Fuyin Expressway, linking the funds to a criminal syndicate based in Zhuhai, Guangdong. The gang conducted illicit transactions totaling over 5 million yuan between August 2023 and June 2025. In December 2025, prosecutors charged four individuals with illegal business operations. The court subsequently sentenced ringleader Lai Mouding to one year in prison plus a fine, while three accomplices received sentences ranging from eight to ten months along with financial penalties.