币界网报道：Shanghai police have arrested Li Qi, a 27-year-old cryptocurrency dealer accused of using digital assets to facilitate illegal drug transactions. The suspect allegedly operated through encrypted messaging apps and accepted payments in USDT, converting the stablecoin to fiat via peer-to-peer trading platforms. Authorities seized 21,000 USDT (worth approximately $21,000) along with drugs during the raid. This case highlights China's ongoing crackdown on crypto-related crimes despite its blanket ban on cryptocurrency trading since 2021. Investigators traced the transactions through blockchain analysis, demonstrating law enforcement's growing capability to track digital asset flows. The arrest follows multiple similar cases where criminals exploited crypto's pseudonymous features for illegal activities. Police warn that while cryptocurrencies provide certain anonymity, blockchain's transparent nature ultimately leaves digital footprints that can be followed. This marks another victory in China's campaign against crypto-facilitated crime, which has intensified since the country banned all cryptocurrency transactions three years ago.