Malaysian Police Bust ‘USDT-powered Crypto Exchange’ – Suspects ‘Sold Crypto to China’
Malaysian police have swooped on what they suspect to be an illegal, international USDT-powered crypto exchange. Forty people were arrested. The exchange was allegedly allowing Mainland Chinese citizens to trade USDT for...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Forty people were arrested.
The exchange was allegedly allowing Mainland Chinese citizens to trade USDT for cash.
Per the Malaysian media outlet Oriental Daily, the bust was co-conducted by the police’s commercial crime investigation team and the National Financial Crime Center....
Read More: Malaysian Police Bust ‘USDT-powered Crypto Exchange’ – Suspects ‘Sold Crypto to China’
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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