South Korean police arrest 23 individuals in $11 million USDT laundering case: report
From February 2024 to April 2025, the group allegedly moved $11.1 million in illegal funds by purchasing USDT and trading on exchanges.
Watchlist
Archive context. The story has cross-source confirmation.
From February 2024 to April 2025, the group allegedly moved $11.1 million in illegal funds by purchasing USDT and trading on exchanges.
Why this matters
Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on The BlockSame story, other sources
Cross-source coverage
2 sources
South Korean police arrest 23 in $11M USDT laundering case
The arrests highlight the growing challenge of regulating stablecoins, underscoring the need fo...
Related market context
Bitcoin defies $800 million crypto wipeout as South Korea’s AI stock market crashes
Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff, as cryptocurrency liquidations exceeded $800 milli...
Bitcoin whales accumulate ahead of crucial US inflation report as $744 million exits ETFs
Bitcoin whales are accumulating before Wednesday's US inflation report, despite $744 million in recent spot ETF withdrawals. Accor...
Ripple targets trillion-dollar securities markets with new US brokerage and South Korean deals
Ripple calls Meritz its fourth Korean institutional partner this year, with custody and tokenization cooperation to widen as regul...
Ledger asks more Southeast Asia resellers to halt wallet sales
Crypto wallet firm Ledger is asking resellers and distributors in Hong Kong and countries across Southeast Asia to stop selling it...
AI Agents Made 138 Million Crypto Payments in a Year. Most Were Tiny
A new Chainalysis report found payments through Coinbase’s x402 protocol surged from about 1,500 in mid-2025 to more than 138 mill...
Circle’s Kash Razzaghi makes the case for USDC as the currency of AI agents
Circle CCO Kash Razzaghi says AI agents are new customers choosing USDC, with 165 million transactions across approximately 80,000...